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of <h1>Bihar GST Act: Exporters Can Use Letter of Undertaking Instead of Bond, Except in Tax Evasion Cases Over Rs. 250 Lakh.</h1> The Bihar Government issued Notification S.O. 203 on October 10, 2017, under the Bihar Goods and Services Tax Act, 2017, replacing a previous notification. It allows registered persons to furnish a Letter of Undertaking instead of a bond for exporting goods or services without paying integrated tax, except for those prosecuted for tax evasion exceeding 250 lakh rupees. The Letter must be submitted on the registered person's letterhead and executed by authorized personnel. It becomes invalid if tax and interest are not paid on time but can be reinstated upon payment. This applies to zero-rated supplies to Special Economic Zones.
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