STATUS OF TRANSACTION UNDER GST

[SURYAKANT MITHBAVKAR]

If we received remittance in Indian (Rs) currency from Nepal does we treat that export transaction and clear under LUT.

[KASTURI SETHI]

This query has already been answered in this forum in July, 2017. You may trace out. There is some condition.

AI Summary

Export under GST: treatment of rupee remittance from Nepal may depend on specified conditions affecting LUT eligibility. Question whether remittance in Indian rupees from Nepal constitutes an export under GST and allows clearance under a Letter of Undertaking; reply refers to a prior July 2017 forum answer and indicates that applicability depends on certain conditions, without specifying those conditions.