How do i furnish bond or letter of undertaking for exports under gst? is there any format for this?
mukesh (web development) (51 Points)
05 July 2017mukesh (web development) (51 Points)
05 July 2017
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 05 July 2017
Pl refer circulars dated 1.7.2017 and 4.7.2017:
https://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ26-2017cs.pdf
https://www.cbec.gov.in/resources//htdocs-cbec/gst/circularno-2-gst.pdf
mukesh
(web development)
(51 Points)
Replied 05 July 2017
Thanks for your response but its diffucult to grasp fine details for a Non CA like me. It seems like unnecessary compliance for person like me who is simply providing services to overseas clients. Is it really going to be that difficult?
Register Experts
(CA)
(82 Points)
Replied 05 July 2017
Pl refer circulars dated 1.7.2017 and 4.7.2017: https://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ26-2017cs.pdf
mukesh
(web development)
(51 Points)
Replied 05 July 2017
@ Prolinc Tech Thank you so much for your reply. It is very helpful.
One clarification - Do I need to submit FORM GST RFD-11 with bank guarantee and bond every time time I provide service to my overseas client?
Thanks!
mukesh
(web development)
(51 Points)
Replied 05 July 2017
There is so much confusion around on this issue. For freelancers providing web design like services to overseas clients, there should be easy way out.
sujit
(Business Owner)
(22 Points)
Replied 07 July 2017
Are our policy maker unaware of terms like 'retail export', 'e-com export' or freelancing? where each invoice value is very small amount. why these extra paper works for small service exporter. Please someone raise the issue to concern authority.
mukesh
(web development)
(51 Points)
Replied 07 July 2017
@ sujit true. ET broke news today that govt is aware of the problems faced by service exporters and may issue further clarification. Hope something good comes out in the days ahead
mukesh
(web development)
(51 Points)
Replied 08 July 2017
As expected, CBEC Clarifies Issues related to Bond/Letter of Undertaking for Exports without Payment of IGST - https://www.taxscan.in/cbec-clarifies-issues-related-bondletter-undertaking-exports-without-payment-igst/9094/
I think we can submit LUT in revised format having 12 months validity before 31st July.
Can anyone please tell where is the Commisioner's office exactly located in Delhi?
Thanks!