https://www.taxtmi.com/circulars?id=59939 Clarifies eligibility, submission form, timelines and supporting documentation for furnishing a Letter of Undertaking (LUT) in lieu of a bond for zero rated exports under GST: registered persons meeting specified foreign inward remittance thresholds or qualifying as status holders may use LUTs on letterhead; LUTs/bonds must be processed within three working days; self declaration and specified documents accepted absent contradictory evidence; CT 1 has no relevance under GST; supplies to EOUs are taxable like other supplies; bank guarantees may be waived in appropriate cases and jurisdictional officers over principal place of business shall accept LUT/bond. en-us Tue, 19 Sep 2017 00:00:00 +0530 Fri, 01 Mar 2019 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59939 Clarifies eligibility, submission form, timelines and supporting documentation for furnishing a Letter of Undertaking (LUT) in lieu of a bond for zero rated exports under GST: registered persons meeting specified foreign inward remittance thresholds or qualifying as status holders may use LUTs on letterhead; LUTs/bonds must be processed within three working days; self declaration and specified documents accepted absent contradictory evidence; CT 1 has no relevance under GST; supplies to EOUs are taxable like other supplies; bank guarantees may be waived in appropriate cases and jurisdictional officers over principal place of business shall accept LUT/bond. Circulars Customs Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59939