Export done in 18-19 with LUT But payment not recived till date what is the treatment in income tax and gst?
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Quick Summary
This discussion addresses the tax treatment for export payments that have not been received, even after two years since the export was completed using an LUT. It highlights the importance of RBI compliance and warns that overdue outstanding payments exceeding two years could lead to bank account freezes. The advice given is to contact your banker for guidance on this matter.