Dear all,
I want to know about the GST LUT,
Can anyone explain me what is this all and whome it ll applicable.
Please let me know?
Menu
Gst ltu
Replies (6)
LUT stands for Letter of Undertaking which is required for export of goods or services without payment of IGST.
LUT also for SEZ and For you can apply for LUT if you received the Money Rs 1Cr in foreign currency and deemed to be foreign currency in previous years he will be eligible for LUT after issued the LUT you can supply the good without payment of Tax
LTU means Large Tax Payer Unit. Assessee who is paying above 5 crore revenue of excise and service tax was opt this facility in the old regime ( Before existing law). Some special provisions was there for LTU member.
Whether it is applicable to service sector ?
whether its applicable to service sector?
offcourse
Recent Threads
- Procedure for 'inter-unit job work' under GST Act
- Advances received and Advances adjusted - HSN Summ
- TAX ON SALE OF COMPANY'S SHARES
- Refund on Hold - Section 245
- CLARITY REGARDING ESIC WAGE CALCULATION AFTER NEW
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
Related Threads
CAclubindia
