Letter of Undertaking facility for export without integrated tax extended to eligible exporters, subject to prosecutorial and payment safeguards. Specification of conditions for furnishing a Letter of Undertaking in lieu of a bond by registered persons for export without payment of integrated tax: eligible registered persons, exclusions for prosecuted persons where tax evasion exceeds a specified threshold, manner of furnishing on letterhead in duplicate for a financial year in the annexure to FORM GST RFD 11, and execution by prescribed office holders or authorised persons; failure to pay tax with interest within the prescribed period leads to deemed withdrawal and payment restores the facility; applies mutatis mutandis to zero rated supplies to SEZs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of Undertaking facility for export without integrated tax extended to eligible exporters, subject to prosecutorial and payment safeguards.
Specification of conditions for furnishing a Letter of Undertaking in lieu of a bond by registered persons for export without payment of integrated tax: eligible registered persons, exclusions for prosecuted persons where tax evasion exceeds a specified threshold, manner of furnishing on letterhead in duplicate for a financial year in the annexure to FORM GST RFD 11, and execution by prescribed office holders or authorised persons; failure to pay tax with interest within the prescribed period leads to deemed withdrawal and payment restores the facility; applies mutatis mutandis to zero rated supplies to SEZs.
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