Liability of GST on return of export done under LUT
This query is : Resolved
03 July 2024
Sir,
We have done export under LUT without IGST but such shipment has been return to India so please let us know that we have to pay IGST on such return shipment or not?
We have done export under LUT without IGST but such shipment has been return to India so please let us know that we have to pay IGST on such return shipment or not?
05 July 2024
Yes, you have to pay IGST.
You can re-import the exported goods under notification no. 158/95-Cus dated 14th November 1995 without payment of basic customs duty and IGST. You have to execute a bond with the Customs that you will re-export the goods after repairs, within six months from the date of re-import.
You can re-import the exported goods under notification no. 158/95-Cus dated 14th November 1995 without payment of basic customs duty and IGST. You have to execute a bond with the Customs that you will re-export the goods after repairs, within six months from the date of re-import.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- REGARDING GST LIABILITY/....
- Suggestions required for income tax filing-software (FY 2025-26)
- Loan by Partnership Firm
- E way bill for tractors
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
