hello sirs, we are small scale businessmen from Amritsar /Punjab. we deal in textile machinery parts and items. sometimes we also export the items to Nepal. after GST implimentation, there is a lot of confusion in sending export to Nepal.Earlier it was an easy task as not many documents were needed and export to Nepal was free too. but now there are changes . please discuss the changes made in export law fr sending goods to Nepal.we come under the slab of 18% and we do not issue invoice amount of more than 20k.
waiting for a feedback
Small Textile Business Seeks Clarity on Exporting to Nepal Post-GST; LUT or Bond Options Simplify Process A small-scale textile machinery parts business in Amritsar, Punjab, is facing confusion regarding exporting goods to Nepal following the implementation of the Goods and Services Tax (GST). Previously, exports to Nepal were straightforward with minimal documentation and no associated costs. The business, which falls under the 18% GST slab and issues invoices below 20,000 INR, is seeking clarity on the new export regulations. Respondents clarified that exports to Nepal can be conducted under a Letter of Undertaking (LUT) or Bond without IGST payment, simplifying the process by eliminating the need for ARE-1 forms. (AI Summary)
Goods and Services Tax - GST