GST Rule 14A for Export of Service with Hypothetical 10 cr turnover

Hypothetically, let's assume a business earns Rs 10 crore annually, is a complete Export of services with  LUT

In such a case, can that business apply under Rule 14A while registering for GST, or should they select it as No?

This is for my personal understanding related to advantages and disadvantages.

 

Replies (1)

NO — such a business should NOT select “Yes” under Rule 14A at the time of GST registration.
For a 100% export of services under LUT, Rule 14A is not applicable.

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