Letter of undertaking and payment of tax on export
This query is : Resolved
21 January 2019
Sir/Madam,
Whether we can export under LUT as well as On payment of tax in the same financial Year? If Yes, Please refer me the section, Permitting the same
Whether we can export under LUT as well as On payment of tax in the same financial Year? If Yes, Please refer me the section, Permitting the same
22 January 2019
Yes, there is no restriction. However, you shall not be eligible for refund of accumulated credit. If you are not taking refund of accumulated credit, you can use ITC for payment of IGST on export; and when ITC is not available, you can use LUT.
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