Goods and Services Tax – GST – By: – PARAS MEHRA – Dated:- 28-9-2017 – Introduction On receiving large number of representations from exporter, the Central Board of Excise and Customs (CBEC) in order to grant significant relief to the exporter who were facing lot of difficulties under GST regime, had issued circular just to clarify the issues relating to furnishing of bonds/letter of undertaking (LUT) for exports without payment of IGST. These clarifications brought huge relief for the exporters with respect to export without payment of IGST Export or Import to SEZ unit is an interstate supply of goods or service and hence they are mainly covered under IGST act. IGST Act provides for special treatment of Special Economic Zone Units just as
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ent of tax. Supply to SEZ under bond or LUT are also called Zero-rated supplies Supply to SEZ units under bond or LUT is made in such cases where goods or services are supplied without payment of IGST, it is therefore also called Zero-rated supplies. One needs to file certain documents with the department to supply the goods and services to the SEZ units. The list of documents is as under: You need to deliver LUT on stamp paper / while in case of Bonds it can be provided on non-judicial stamp paper both should be signed by the appropriate authority of the organization. In both LUT / Bond Fill appropriately Form GST-RFD-11 on the letter head of the organization In both cases of LUT / Bond, you need to produce authority letter of your organiz
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