Expiry of letter of undertaking
This query is : Open
11 May 2018
One of our client is having SEZ sales. They had LUT for the previous financial year. they had forgot to apply for new LUT for the current financial year. They already had made some SEZ sales with out LUT. Is there any consequences for such supply?
Pralay Chakraborty
(Expert)
12 May 2018
The taxpayers are required to file LUT yearly for getting the benefit, other wise tax can be paid & get the refund afterwards.
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