Regards lut eligibility

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accounts officer
36 Points Joined December 2016
hi

we want to export this year approx 50 lakh and last year our export value are 20 but in GST lut notification it is mentioned preceding year export value are more than 1 crores
so can I eligible for LUT.


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On 09 April 2018 at 07:24 Report
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Guest
That condition for requirement of certain quantum of foreign currency is not required anymore.So you can opt for LUT
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On 09 April 2018 at 09:45
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GST Practitioner
55062 Points Joined June 2017
yes it was earlier of 1 crore ,now it is not
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On 09 April 2018 at 10:27
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accounts officer
36 Points Joined December 2016

Thanx,

 

 Pls refer to notification against this lut from GST website

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On 09 April 2018 at 11:50
Guest

Please refer Not.No 37/2017-CT dated 04-10-17

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On 09 April 2018 at 12:05
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accounts officer
36 Points Joined December 2016

 Thanks a lot

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On 09 April 2018 at 12:24
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banglore
1496 Points Joined June 2012
The department has issued a circular in oct-2017, removing turnover limit for LUT. Hence you can submit LUT even if your turnover is less than 1 crore
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On 09 April 2018 at 07:43


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