How to file LUT\/Bond for SEZ units under GST
By: – PARAS MEHRA
Goods and Services Tax – GST
Dated:- 28-9-2017<\/p>\n
Introduction
\nOn 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.
\nThese clarifications brought huge relief for the exporters with respect to export without payment of IGST
\nExport or Import to SEZ unit is an interstate supply of goods or service and hence they are mainly covered under IGST act.
\nIGST Act provides fo<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n cuss the case I, i.e. supply to SEZ under bond or LUT made without payment of tax. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n could be processed smoothly without any hassles and complexity. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" How to file LUT\/Bond for SEZ units under GSTBy: – PARAS MEHRAGoods and Services Tax – GSTDated:- 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 … Continue reading “How to file LUT\/Bond for SEZ units under GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7997","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7997"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/7997\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nSupply to SEZ under bond or LUT are also called Zero-rated supplies
\nSupply 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.
\nOne 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:
\n * 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.
\n * In both LUT \/ Bond Fill appropriately Form GST-RFD-11 on the letter head of the organizatio<\/p>\n
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\nAssignment of the officer's jurisdiction is entirely depending upon the principal place of business of the exporter.
\nReceipt of Acceptance letter
\nOnce you submit the above-said document and LUT \/ Bond with appropriate authority and the respective officer verify and check the credentials of the information submitted as per the document.
\nThe authority will issue acknowledgement as a token of compliance in the form letter after getting their signature on the documents within 3 days.
\nConclusion
\nWe have tried to cover almost all the relevant point in this article further if you need further guidance and assistance and have any doubt or query related to GST feel free to write<\/p>\n
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