https://www.taxtmi.com/article/detailed?id=7554 Eligibility for Letter of Undertaking is extended to any registered person meeting prescribed foreign inward remittance thresholds in the preceding financial year, with status holders qualifying irrespective of remittance. LUTs are submitted on letterhead while bonds use non-judicial stamp paper; LUT/bond must be processed within three working days. Zero rating applies only to supplies by the actual exporter under LUT or on payment of integrated tax; CT-1 has no relevance under GST. Supplies to EOUs are taxable like other supplies. Bank guarantees may be capped and liberally waived; jurisdiction lies with the Deputy/Assistant Commissioner of the exporter's principal place of business, and self-declarations are acceptable subject to verification. en-us Fri, 18 Aug 2017 08:19:25 +0530 Fri, 18 Aug 2017 08:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7554 Eligibility for Letter of Undertaking is extended to any registered person meeting prescribed foreign inward remittance thresholds in the preceding financial year, with status holders qualifying irrespective of remittance. LUTs are submitted on letterhead while bonds use non-judicial stamp paper; LUT/bond must be processed within three working days. Zero rating applies only to supplies by the actual exporter under LUT or on payment of integrated tax; CT-1 has no relevance under GST. Supplies to EOUs are taxable like other supplies. Bank guarantees may be capped and liberally waived; jurisdiction lies with the Deputy/Assistant Commissioner of the exporter's principal place of business, and self-declarations are acceptable subject to verification. Articles Goods and Services Tax - GST Fri, 18 Aug 2017 08:19:25 +0530 https://www.taxtmi.com/article/detailed?id=7554