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latter of undertaking

lokhande mahadev (99 Points)

07 August 2018

What is the latter of undertaking registration limits ?

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3 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 07 August 2018

There is no limit , if you want to export without payment of IGST then apply LUT online on portal

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lokhande mahadev (99 Points)
Replied 07 August 2018

dear sir
Bank guarantee requirements

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 07 August 2018

dear Lokhande
no need any bank guarantee , just file online on portal

Circular No. 40 dated 06.04.2018, Central Board of Indirect Taxes and Customs (CBIC) has clarified to simplify LUT filing as follows:

The registered person (exporters) shall fill and submit FORM GST RFD-11 on the common portal. An LUT shall be deemed to be accepted as soon as an acknowledgement for the same, bearing the Application Reference Number (ARN), is generated online.
Documents for LUT: No document needs to be physically submitted to the jurisdictional office for acceptance of LUT.