2 Replies
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 27 July 2017
Export should be under LUT or Bond. LUT is applicable only if you are a status holder or have 1 cr foreign remittance in previous year.
Otherwise you have to furnish a bond with bank guarantee. BG should be 15% of the bond value. Bond value is IGST value on the expected turnover you declare
Otherwise you have to furnish a bond with bank guarantee. BG should be 15% of the bond value. Bond value is IGST value on the expected turnover you declare
Ajit Hegde
(CA - Final)
(1367 Points)
Replied 27 July 2017
Or you also have an option to pay IGST ( please note not to charge ) using inout credit or cash and claim refund of accumalated input credit or cash paid.
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