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GST export without LUT

mohit (accountant) (142 Points)

30 August 2018

Dear Expert,

what happened if providing software services out of India, without LUT and recived payment in dollars..

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15 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 August 2018

Without LUT IGST will be chargeable...

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mohit (accountant) (142 Points)
Replied 30 August 2018

Any late fees or penalty would be applied

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 30 August 2018

No more clarity Dear...
Ask specifically or detail

mohit (accountant) (142 Points)
Replied 30 August 2018

In last f.y year we provide software services to foreign person out of India, for getting remittance we issued invoice without charging GST and get the money,we not show these invoices in GST return........

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 31 August 2018

As per section 50 CGST Act interest is applicable @ 18%, on tax due & if not file the return then late fee is 50/- per day or Maximum 10000/- for both the act , whichever is less is applicable

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mohit (accountant) (142 Points)
Replied 31 August 2018

sir this is export of service and no any amount charged from customer .....now

Kamal Verma (Financial advisor) (582 Points)
Replied 31 August 2018

IGST charged in tax invoice (without LUT) can either be adjusted from ITC available or will be paid at the time of furnishing of GST return, later on this IGST will be refund in bank account.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 01 September 2018

Dear ,
If IGST is not charged from client & No Lut is filed , has to deposit from your pocket .

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Neha Rajput (Chartered Accountant ) (58 Points)
Replied 04 April 2019

I have delayed in filing renewal of LUT by 1 day fro FY 19-20 and during that 1 day I have made the exports also, what will be the consequences under GST in this case, do i have to pay IGST in this regard or can condonation for delay can be made?

Manoj BG (Tax Professional and in Service) (1795 Points)
Replied 04 April 2019

Originally posted by : Neha Rajput
	I have delayed in filing renewal of LUT by 1 day fro FY 19-20 and during that 1 day I have made the exports also, what will be the consequences under GST in this case, do i have to pay IGST in this regard or can condonation for delay can be made?

Hello Neha,

Said issue already resolved by Board vide Circular No. 37/11/2018-GST dated 15th March 2018. Please refer point no.4 therein by which all such delays has been considered and condoned. Hence, no need to pay IGST or filing of any condonation for delay in filing LUT.

Thanks and Regards,

Manoj B. Gavali

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Neha Rajput (Chartered Accountant ) (58 Points)
Replied 06 April 2019

Thank you Sir

a bansal (2 Points)
Replied 13 July 2019

Sir I entered wrong year for FY 2018-19 LUT, I mistakenly filed for 2017-18 and received export of service amount for 18-19. So can I file LUT for FY 18-19 now?