renewing bond under gst
This query is : Resolved
GANESH.P.YADAV
(Querist)
23 September 2017
hii
can I use my previous bond against export sales under GST without renewing?
plz urgent reply.....
Chhatra Singh Dugar
(Expert)
23 September 2017
In my opinion you have executed bond in GST regime and guarantee amount is not fully exhausted you can use the same bond
21 July 2025
Can you use the previous bond (from the pre-GST regime) against export sales under GST without renewing?
No, you cannot.
Explanation:
Under the GST regime, the bond or LUT (Letter of Undertaking) system replaced the earlier export bond.
Exporters must execute a fresh bond or LUT specifically under the GST rules.
The previous bond under the Excise/VAT/Service Tax regime is not valid under GST.
If you want to export without payment of IGST, you must file a new bond or LUT online on the GST portal before export.
LUT can be filed annually and is valid for the entire financial year.
If you do not file LUT, you must pay IGST upfront and claim refund later.
Urgent steps for you:
Log in to the GST portal.
File LUT (Form GST RFD-11) online for the current financial year.
Once approved, you can export goods or services without paying IGST.
No, you cannot.
Explanation:
Under the GST regime, the bond or LUT (Letter of Undertaking) system replaced the earlier export bond.
Exporters must execute a fresh bond or LUT specifically under the GST rules.
The previous bond under the Excise/VAT/Service Tax regime is not valid under GST.
If you want to export without payment of IGST, you must file a new bond or LUT online on the GST portal before export.
LUT can be filed annually and is valid for the entire financial year.
If you do not file LUT, you must pay IGST upfront and claim refund later.
Urgent steps for you:
Log in to the GST portal.
File LUT (Form GST RFD-11) online for the current financial year.
Once approved, you can export goods or services without paying IGST.
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