11 April 2023
I have applied for LUT for FY 2023-24, now i want to export under both terms, like few export under LUT without payment of IGST and also few exports with payment of IGST.
Is it possible to do the same?
Guest
Guest
(Expert)
11 April 2023
Yes it is possible. There is no restriction provided in the GST law.
12 April 2023
Yes, it is possible to export under both terms, i.e., under Letter of Undertaking (LUT) without payment of Integrated Goods and Services Tax (IGST) and under payment of IGST. However, the procedure for each type of export is different, and you need to ensure that you follow the correct procedure to avoid any issues with compliance.
15 April 2023
Thank You Experts for your reply, May i know one more thing, how to update my Bank Account details in Customs for claiming refund of IGST from ICEGATE.
CAclubindia
