Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Sale under LUT

mangesh chitnis (Accountant) (97 Points)

03 December 2019

We have supplied material to an exporter under LUT with .05% CGST & SGST. In which column in GSTR1 & GST3b we must enter this sale?

Thanks & regards

Reply
Follow
Share

1 Replies

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 04 December 2019

It's not sale Against LUT.
As per Notification 41/2017 IGST (r) , the concessional rate 0.05% (Effectively GST is to be paid @ 0.1% i.e. CGST @ 0.05% + SGST @ 0.05% (or) IGST @ 0.1%) is being prescribe to supply Merchant Exporter subject to conditions prescribed therein.

Hence Supplier has to Report such supplies under B2b in GSTR 1