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Letter of Undertaking

GST Refund on Exports Cannot Be Rejected Only for Delay in Furnishing LUT or Bond: Karnataka HC [Read Order]

In a recent ruling, the Karnataka High Court held that a GST refund on exports cannot be rejected only because the exporter did not furnish a Letter...

Win for TATA Steel: Jharkhand HC Directs ₹1.23 Cr GST Refund for Wrongful Rejection of ITC on...

Kerala HC declares Rule 96(10) of GST Rules Ultra Vires: Major Relief for Exporters on IGST Refunds...

Understanding Notice on Applicability of ITC in Export of Items Exempted from GST [Find Draft Format...

"Travelled Beyond SCN": Allahabad HC raps GST Dept for Inconsistent approach towards Unutilised ITC...

Constitutional Validity of Restriction of Refunds on Exports of Zero Rated Supplies through LUT Model

The intention of making exports zero-rated is to make the entire supply chain of exports tax-free. However, Rule 89(4)(c) restricts the refund in case of export made through the LUT model to 1.5...

Constitutional Validity - Restriction of Refunds - Exports - Exports of Zero Rated Supplies - TAXSCAN

DGFT enables Online Filing of requests for Closure of Advance Authorizations

The Director-General of Foreign Trade (DGFT) has enabled the Online Filing of requests for Closure of Advance Authorizations. The DGFT has revamped its IT systems to provide a paperless,...

GST: Maharashtra Govt prescribes Norms for Online filing of LUTs [Read Circular]

The Maharashtra State Government has enabled the facility of online submission of Letter of Undertaking ( LUTs )by the taxable person who makes the zero-rated supply of goods or services or both...

LUTs shall be continued to be accepted by GST Officials: Govt [Read Circular]

The advice of Special Secretary & Member, CBEC vide DO Letter dated Feb. 6 to all Chief & Principal Commissioners said that “a few field offices have requested clarification as to whether LUT...

Govt Notifies CGST (Tenth Amendment) Rules [Read Notification]

The Central Government today notified the tenth amendment to the Central Goods and Services Tax (CGST) Act, 2017. The amended notification says that for claiming refund in respect of supplies...

CBEC clarifies issues related to Furnishing of Bond/Letter of Undertaking for Exports [Read Circular]

Following the Notification permitting all exporters to furnish Letter of Undertaking instead of Bond under the new GST regime, the Central Board of Excise and Customs (CBEC), today clarified certain...

GST: Govt Notifies Safeguards for Furnishing LoU in place of a Bond for Exports [Read Notification]

The Central Board of Excise and Customs (CBEC) yesterday notified the conditions and safeguards for the registered person who intends to supply goods or services for export without payment of...