Regarding GST LUT Bond

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Student
160 Points Posted on 19 October 2023
Good Morning Evening,
A dealer have submitted Letter of Undertaking for export sales without IGST for Financial Year 2023-24.
1) Now he is exporting by charging IGST and he is getting refund regularly .
2) He also intends to make sales to SEZ by charging IGST in order to get fast refund of ITC.
Sir, in both cases (export & SEZ) can he charge IGST ( when he has already submitted LUT) ?
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On 19 October 2023 at 20:54 Report
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Quick Summary
This discussion clarifies whether a dealer can charge IGST on export sales and sales to SEZ units, even after submitting a Letter of Undertaking (LUT) for GST. The consensus is that charging IGST is permissible in both scenarios, offering an alternative to the LUT for managing tax liabilities and facilitating faster refunds.

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CA
618 Points Posted on 20 October 2023
Even if u have LUT , you can charge GST , their is nothing wrong in that
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On 20 October 2023 at 05:51
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trainee
514 Points Posted on 25 October 2023

There is no issue in doing that.

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On 25 October 2023 at 18:00
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Practising CA
8954 Points Posted on 06 November 2023
Yes can be done. LUT OR IGST - both are valid options which can be taken based on your case in one or more invoices
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On 06 November 2023 at 03:32

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