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About lut

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2018 Dear Sir/Madam
Is there any option to get LUT after inward remittance
Kindly instruct me.

19 March 2018 If you have received inward remittance without LUT then that particular remittance will be taxed.. However you can get LUT for future export transactions..

if you have received inward remittance as advance for export of goods and you get LUT before clearance of goods from Customs then same will be treated as export against LUT and tax will not be charged..

19 March 2018 As remittance received refund can be claimed immediately if any such GST is paid.




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Querist : Anonymous

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Querist : Anonymous (Querist)
20 March 2018 Thank you sir
Now i m getting clear picture



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