Export of service
Jamil Ahmed (615 Points)
22 February 2021
Do I have to submit LUT if my turnover is below 20 lakhs?
Jamil Ahmed (615 Points)
22 February 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3516 Points)
Replied 22 February 2021
Who can use Letter of Undertaking (LUT) and Bonds for exports. Any registered taxpayer exporting goods or services can make use of LUTs. However, any person who has been prosecuted for tax evasion for an amount of Rs. 2.5 Crores or above under the act is not eligible to furnish LUTs.
CA Altamush Zafar
(GST Consultant)
(15961 Points)
Replied 22 February 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 February 2021
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
