We have taken registration under GST indicating head office as principal place of business not the factory, but we have bond in the factory address and now we want to take LUT under head office address by surrendering the Bond.
we want to know is what we have done showing head office as a principal place of business and doing despatch of goods from factory is correct or any amendment required.
Experts kindly let me know with relevant provisions under GST.
Debate on GST Registration: Head Office vs. Factory as Principal Place of Business; LUT/Bond Handling for Exports A discussion on a forum revolves around the correct registration under the Goods and Services Tax (GST) for a business with multiple factories. The initial query involves whether the head office or factory should be the principal place of business and how to handle Letter of Undertaking (LUT) or Bond for exports. Responses vary, with some suggesting the factory should be the principal place of business, while others argue the head office can be the main location with factories as additional places. The discussion highlights the lack of explicit provisions in the GST Act regarding this issue and emphasizes practical solutions and interpretations. (AI Summary)