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Bond or LUT for export

shrenik (proprietor) (23 Points)

22 September 2017

what are threshold limits for Bond and LUT?

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5 Replies

JOJY THOMAS (CHARTERED ACCOUNTANT) (305 Points)
Replied 22 September 2017

1 cr in previous year. Less than 1 cr bond with BG .More than 1 cr LUT

M Agarwal (Consultant) (228 Points)
Replied 22 September 2017

Bond if <1cr in foreign income, otherwise LUT.

1. Do you know what amount will the stamp paper be for this bond?

2. Once I get the bond made, do I need to get it notarised?

3. Once FD is done and bank gurantee is recd, we need to visit GST office physically. Any news on getting this done on gst.gov?

Shivam Chomal (498 Points)
Replied 22 September 2017

Refer Circular No. 5/5/2017-GST dt 11th August,2017 in the same context. It clearly explains all eligibility and filing process. The same has been attached.

Attached File : 1864495 20170922160321 circularno 5 gst.pdf downloaded: 147 times

M Agarwal (Consultant) (228 Points)
Replied 22 September 2017

Did not find the value/amount of the stamp paper in the document. Not sure, are all non-jud stamp paper of same value?

Info GST (289 Points)
Replied 22 September 2017

Taxpayers who have not set-off their liability for GSTR-3B for July 2017 and have only done "Submit"of their GSTR-3B have been given option to edit, submit and file their Returns.
For any assistance contact
9838766110
9140472122
infogstlp @ gmail.com
Twitter @ gst_opd