LUT 2018-19

[VSV&Co VSV&Co]

Dear Sir,

My client has not applied for LUT online before 31st March,2018 , now he wants to export the goods tomorrow i.e. 3rd April 2018, what he suppost to do right now ?

[KASTURI SETHI]

Either LUT/Bond or payment of IGST and get refund. No other option.

[SARAVANAN RENGACHARY]

LUT online filing can be done anytime before export.

[Amit Kumar]

Well, there are two types of taxes in India; they are Direct Tax and Indirect Tax. Income Tax is a direct tax, which is directly paid by the taxpayer to the government. Everyone who earns or receives an income must pay Income Tax, it is mandatory for every citizen of India and NRIs as well. Taxpayer’s income is divided into different tax brackets or tax slabs and accordingly, the taxpayers will have to pay their income tax depending on the Tax Slab the fall in. In order to Deposit Income Tax, the taxpayers will have to Efile income tax return or IT return by logging into the official Government website, before the due date that is 31st July 2018.

[KASTURI SETHI]

Dear Amit Ji, How is related to LUT ?

[Alkesh Jani]

Dear all, with due respect to all, I just want to inform you that as on date i.e. 05/04/2018, on my personal visit to Range office and Division office of CGST, Ahmedabad, I was informed that still menu for granting LUT online is not available on their screen. The exporter may not suffer for any litigation matter in future so it is my humble request that please visit your J.O. although LUT is filed online.

With Regards,

AI Summary

Export compliance: file LUT or pay IGST and claim refund promptly to proceed with exports. Exporters must either furnish a Letter of Undertaking or bond, or pay IGST and claim refund; online LUT filing is allowed anytime before export but portal unavailability may necessitate visiting the jurisdictional tax office to submit LUT and avoid procedural disputes.