https://www.taxtmi.com/news?id=21763 Removal of goods from India on consignment for exhibition is not a supply and must be accompanied by a delivery challan under rule 55. No bond or LUT is required. Goods must be sold abroad or returned within six months; if not, supply is deemed on expiry and a tax invoice must be issued, without zero rating or refund benefit. If sold within six months, supply occurs on sale date, a tax invoice must be issued and the supply is zero rated, with refund limited to unutilized ITC. No invoice is needed for goods returned within six months. en-us Sat, 20 Jul 2019 16:14:59 +0530 Mon, 22 Jul 2019 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21763 Removal of goods from India on consignment for exhibition is not a supply and must be accompanied by a delivery challan under rule 55. No bond or LUT is required. Goods must be sold abroad or returned within six months; if not, supply is deemed on expiry and a tax invoice must be issued, without zero rating or refund benefit. If sold within six months, supply occurs on sale date, a tax invoice must be issued and the supply is zero rated, with refund limited to unutilized ITC. No invoice is needed for goods returned within six months. News - Sat, 20 Jul 2019 16:14:59 +0530 https://www.taxtmi.com/news?id=21763