Notification on extension of facility of LUT to all exporters issued

पेट्रोल पर Excise Duty कम हो गयी। Export पर Bond की जगह LUT ने ले ली।

धीरे-धीरे रे मना, धीरे सब कुछ होय, माली सींचे सौ घड़ा, ॠतु आए फल होय। :)

(i) all registered persons who intend to supply goods or services for

export without payment of integrated tax shall be eligible to furnish a

Letter of Undertaking in place of a bond except those who have been

prosecuted for any offence under the Central Goods and Services Tax

Act, 2017 (12 of 2017) or the Integrated Goods and Services Tax Act,

2017 (13 of 2017) or any of the existing laws in force in a case where the

amount of tax evaded exceeds two hundred and fifty lakh rupees;

(ii) the Letter of Undertaking shall be furnished on the letter head of the

registered person, in duplicate, for a financial year in the annexure to

FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the

Central Goods and Services Tax Rules, 2017 and it shall be executed by

the working partner, the Managing Director or the Company Secretary or

the proprietor or by a person duly authorised by such working partner or

Board of Directors of such company or proprietor;

Link for Full Notification on extension of facility of LUT to all exporters issued : http://cbec.gov.in/resources//htdocs-cbec/gst/notfctn-37-central-tax-english.pdf