Manipur GST amendment clarifies refunds, inspection, seizure, recovery and compounding procedures for exporters, SEZs and taxpayers. Rule 96A requires any registered person exporting goods or services without payment of integrated tax to furnish, prior to export, a bond or Letter of Undertaking in FORM GST RFD-11 binding to pay tax and interest within prescribed periods if goods are not exported or payment in convertible foreign exchange is not received. Export invoice details in FORM GSTR-1 are to be electronically transmitted to Customs for confirmation of export; failure to pay within the specified time results in withdrawal of export permission under bond/LOU and recovery under section 79, with restoration upon payment. The Board may notify conditions allowing LOU in place of a bond and the rule applies mutatis mutandis to zero rated supplies to SEZs.
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Provisions expressly mentioned in the judgment/order text.
Manipur GST amendment clarifies refunds, inspection, seizure, recovery and compounding procedures for exporters, SEZs and taxpayers.
Rule 96A requires any registered person exporting goods or services without payment of integrated tax to furnish, prior to export, a bond or Letter of Undertaking in FORM GST RFD-11 binding to pay tax and interest within prescribed periods if goods are not exported or payment in convertible foreign exchange is not received. Export invoice details in FORM GSTR-1 are to be electronically transmitted to Customs for confirmation of export; failure to pay within the specified time results in withdrawal of export permission under bond/LOU and recovery under section 79, with restoration upon payment. The Board may notify conditions allowing LOU in place of a bond and the rule applies mutatis mutandis to zero rated supplies to SEZs.
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