zero rated service exports without GST registration

[Sudhir Singh]

Zero rated exports(software services abroad) were done without GST registration of 55L INR, I do not wish to claim any input credits. My business is 100% zero rated export of software services abroad. Would I have to pay 10000 INR as penalty or also 18% GST with penalty on the 55L INR?

AI Summary

Potential Penalties for Exporting Zero-Rated Software Services Without GST Registration and Importance of LUT Filing A user inquired about potential penalties for exporting zero-rated software services without GST registration, totaling 55 lakh INR, while not claiming input credits. Respondents highlighted that if export documentation is satisfactory, GST may not be demanded, but penalties for procedural lapses are possible. Filing a Letter of Undertaking (LUT) is necessary for zero-rating, with specific conditions on service payment timelines. Non-registration could lead to penalties and notices for unregistered assessments. One expert emphasized the seriousness of non-compliance with GST procedures and the importance of adhering to government regulations.