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Export with LUT of previous year

07 April 2020

Can a person export in this FY 20-21 on the basis of LUT of FY 19-20 because of Covid-19? The person is unable to take LUT as his DSC is in the office.

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6 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 07 April 2020

No......... ..........

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Yash Morakhia (107 Points)
Replied 07 April 2020

However, Vide notification No. 35/2020-Central Tax, dated 03.04.2020, issued under the provisions of 168A of the CGST Act, except for few provisions covered in exclusion clause, any time limit for completion or compliance of any action which falls during the period from the 20th day of March, 2020 to the 29th day of June, 2020, and where completion or compliance of such action has not been made within such time, has been extended to 30th day of June, 2020.

So on the basis of this, can we Export without IGST without getting LUT (that is using LUT of FY 19-20)?

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 07 April 2020

fresh LUT / Bond for the new F.Y

Yash Morakhia (107 Points)
Replied 07 April 2020

Ok thanks

mvramana (Student) (285 Points)
Replied 07 April 2020

Fresh LUT should be applied at/before the start of each FY.
It means the due date does not fall during 20 th to 29 th for which the same is extended via N.No.35/2020 as you said.

So unless applied for fresh LUT, no benefit for not paying tax would be given.

Thank you