We make Mobile applications on Google Play and iOS AppStore. All our revenue comes under Export of Service.We are filing the GSTR-1 form for July 2017. We are mentioning our revenue as Export and Exempt from GST.
Question is - Do we need to give some undertaking OR bank guarantee OR some other procedure? Pl. note our yearly revenue is around 60L. Someone mentioned that undertaking can be given only if the revenue is very high etc?
Looking forward to your guidance and early reply as we need to submit the return by 5th Sep. Thanks.
For how much amount we need to give the bond for? Is it only for 1 month which can then be used for next month again. Assume that the revenue is approximately same on a monthly basis.