Realization of export proceeds in Indian Rupee: INR allowed where RBI permits and LUT acceptance clarified. Amendments implement GST Amendment Acts effective 01.02.2019: export proceeds in INR for services allowed where RBI permits; acceptance of LUT for supplies of goods or services to persons outside India or SEZ developers/units allowed irrespective of payment currency if RBI guidelines are followed; detention-related payment period extended from seven to fourteen days with revised forms and notices; suspension of registration permits field formations not to issue non-filing notices for applicants for cancellation while preserving the obligation to file a final return.
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Realization of export proceeds in Indian Rupee: INR allowed where RBI permits and LUT acceptance clarified.
Amendments implement GST Amendment Acts effective 01.02.2019: export proceeds in INR for services allowed where RBI permits; acceptance of LUT for supplies of goods or services to persons outside India or SEZ developers/units allowed irrespective of payment currency if RBI guidelines are followed; detention-related payment period extended from seven to fourteen days with revised forms and notices; suspension of registration permits field formations not to issue non-filing notices for applicants for cancellation while preserving the obligation to file a final return.
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