TaxTMI 
TaxTMI 
Submission of Bond/Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under IGST Act.
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....hellip;…. ……………………………. No. JC/HQ-1/GST/LUT/BOND/2017-18 Mumbai, Date 10/07/2017 Trade Cir. No. 29 T of 2017 Subject: Submission of Bond/ Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under IGST Act. Sir/ Gentlemen/ Madam, The Maharashtra Goods and Services Tax....
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....e as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied, in accordance with the provisions of section 54 of the Central Goods and Services Tax Act or the rules made thereunder. 3. The rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 provides that refund of integrated tax paid on export of goods or services can be a....
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....ceived by the exporter in convertible foreign exchange. 5. As per the provisions of sub-rule (5) of aforesaid rules the State Government is empowered to issue notification and provide certain conditions and safeguards under which an exporter may furnish Letter of Undertaking in place of a bond. 6. On this background various queries have been received from the Trade and Associations stating the d....
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....the aforesaid circular. For better understanding the said para is reproduced below: "7. It is further stated that the Bond/ LUT shall be accepted by the jurisdictional Deputy/ Assistant Commissioner having jurisdiction over the principal place of business of the exporter. The exporter is at liberty to furnish the bond/ LUT before Central Tax Authority or State Tax Authority till the administrativ....