Changes in Circulars issued earlier under the Manipur GST Act, 2017

Realization of export proceeds in INR permitted, enabling acceptance of LUT for goods and services where RBI allows.

The IGST amendment allowing realization of export proceeds in Indian Rupees where permitted by the RBI is implemented: acceptance of Letter of Undertaking (LUT) for supplies of goods or services to countries outside India and to SEZ developers/units is permitted irrespective of payment currency, subject to RBI guidelines. Job work provisions are aligned with amended time limits and principal responsibilities; principals must invoice and declare supplies when prescribed time lapses, with interest payable. Detention payment timelines extended to fourteen days and recovery must be effected via FORM GST DRC-03/DRC-07, discontinuing GSTR-3B reversals.