RUPEE EXPORT TO NEPAL

[SURYAKANT MITHBAVKAR]

We have received order from Nepal to supply material against rupee remittance .

Can we treat the same transaction as export and clear under LUT .

AI Summary

Transaction to Nepal via Rupee Remittance Considered Export Under GST, Eligible for LUT Clearance. A query was raised regarding the treatment of a transaction involving the supply of materials to Nepal against rupee remittance under the Goods and Services Tax (GST) framework. The inquirer sought clarification on whether this transaction could be considered an export and cleared under a Letter of Undertaking (LUT). One respondent directed the inquirer to a specific issue ID for further information, while another confirmed that the transaction could indeed be treated as an export.