https://www.taxtmi.com/circulars?id=56031 Clarifies eligibility, form, processing timelines and related procedural matters for furnishing a Letter of Undertaking (LUT) or bond for zero-rated supplies under the GST regime. Eligibility for LUT is extended beyond manufacturers to any registered person meeting the combined remittance and threshold test, with status holders eligible regardless of remittance. LUTs must be on letterhead, processed within three working days, and self-declarations accepted unless contrary evidence exists. Acceptance of LUT for payments in Indian rupees is permissible subject to RBI guidelines; supplies to SEZs and EOUs are governed by zero-rating rules applicable to actual exporters. en-us Fri, 11 Aug 2017 00:00:00 +0530 Thu, 05 Oct 2017 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56031 Clarifies eligibility, form, processing timelines and related procedural matters for furnishing a Letter of Undertaking (LUT) or bond for zero-rated supplies under the GST regime. Eligibility for LUT is extended beyond manufacturers to any registered person meeting the combined remittance and threshold test, with status holders eligible regardless of remittance. LUTs must be on letterhead, processed within three working days, and self-declarations accepted unless contrary evidence exists. Acceptance of LUT for payments in Indian rupees is permissible subject to RBI guidelines; supplies to SEZs and EOUs are governed by zero-rating rules applicable to actual exporters. Circulars GST Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56031