LUT not applied
Sheetal Devaki (68 Points)
18 February 2021
sir i failed to apply for LUT and suppplied to sez without collecting tax. Is there any solution?
2 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 18 February 2021
No , as it's clearly prescribed in Rule 96A the LUT need to furnish before export without payment of tax .
It's better pay in cash & file DRC 03.
Note : Sez is not required pay the IGST amount charged by Supplier in his bill when it's procure for authorised operations by him.Its supplier who need to apply for refund under rule 89 of CGST Act.
So it's better you pay in cash and file DRC 03 or declare it in GSTR 3B as the case may be.
It's better pay in cash & file DRC 03.
Note : Sez is not required pay the IGST amount charged by Supplier in his bill when it's procure for authorised operations by him.Its supplier who need to apply for refund under rule 89 of CGST Act.
So it's better you pay in cash and file DRC 03 or declare it in GSTR 3B as the case may be.
Sheetal Devaki
(68 Points)
Replied 19 February 2021
After payment whether I can get refund. As simple procedural lapse i loose benefit.
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