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Regards lut eligibility

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accounts officer
36 Points Posted on 09 April 2018
hi

we want to export this year approx 50 lakh and last year our export value are 20 but in GST lut notification it is mentioned preceding year export value are more than 1 crores
so can I eligible for LUT.


pls reply...
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On 09 April 2018 at 07:24 Report
Replies (6)
Guest
That condition for requirement of certain quantum of foreign currency is not required anymore.So you can opt for LUT
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On 09 April 2018 at 09:45
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GST Practitioner
55067 Points Posted on 09 April 2018
yes it was earlier of 1 crore ,now it is not
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On 09 April 2018 at 10:27
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accounts officer
36 Points Posted on 09 April 2018

Thanx,

 

 Pls refer to notification against this lut from GST website

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On 09 April 2018 at 11:50
Guest

Please refer Not.No 37/2017-CT dated 04-10-17

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On 09 April 2018 at 12:05
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accounts officer
36 Points Posted on 09 April 2018

 Thanks a lot

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On 09 April 2018 at 12:24
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banglore
1496 Points Posted on 09 April 2018
The department has issued a circular in oct-2017, removing turnover limit for LUT. Hence you can submit LUT even if your turnover is less than 1 crore
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On 09 April 2018 at 07:43


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