Is FIRC required for Export of services under Letter of Undertaking

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21 Points Posted on 24 May 2022

Hi,
Is FIRC required for Export of services under Letter of Undertaking?

I am running a software service export company. I am going to take GST registration this year and I want to know applying Letter of Undertaking for export is enough for the exemption of the GST payment? Whether I have to produce/upload FIRC at the end of each month or each year?
 

Regards

Muthu

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On 24 May 2022 at 14:08 Report
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Quick Summary
This discussion clarifies whether a Foreign Inward Remittance Certificate (FIRC) is necessary when exporting services under a Letter of Undertaking (LUT) for GST purposes. The consensus suggests that an LUT is sufficient for GST exemption on service exports. It also addresses the frequency of FIRC submission, indicating it's likely not a mandatory requirement in this scenario.

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58 Points Posted on 25 May 2022
You just need to take letter of undertaking.
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On 25 May 2022 at 08:53
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CFO- at NHTF
15022 Points Posted on 18 June 2022
Drop a PM
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On 18 June 2022 at 23:28
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Chartered Accountant
44442 Points Posted on 18 June 2022
Reply if you have some answer, don't just play games by putting same reply on each post.
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On 18 June 2022 at 23:29

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