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.
pls reply...
Menu
Regards lut eligibility
Replies (6)
That condition for requirement of certain quantum of foreign currency is not required anymore.So you can opt for LUT
yes it was earlier of 1 crore ,now it is not
Thanx,
Pls refer to notification against this lut from GST website
Please refer Not.No 37/2017-CT dated 04-10-17
Thanks a lot
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
Recent Topics :
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
Related Topics :
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
