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Sale under LUT

mangesh chitnis (Accountant) (113 Points)

03 December 2019

We have supplied material to an exporter under LUT with .05% CGST & SGST. In which column in GSTR1 & GST3b we must enter this sale?

Thanks & regards

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 04 December 2019

It's not sale Against LUT.
As per Notification 41/2017 IGST (r) , the concessional rate 0.05% (Effectively GST is to be paid @ 0.1% i.e. CGST @ 0.05% + SGST @ 0.05% (or) IGST @ 0.1%) is being prescribe to supply Merchant Exporter subject to conditions prescribed therein.

Hence Supplier has to Report such supplies under B2b in GSTR 1