GST Course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Christine Diaz   10 May 2021

Should there be LUT along with bond and bank guarantee ?

I have an OPC. It offers export to service to company outside India . It falls in 18 percent gst bracket. Company income would be 54 lakhs per year. Director salary would be 45 lakhs per year. I guess gst would be 9.72 lakhs ( 18 percent of company income ).

In order to avoid paying gst, should i furnish LUT along with bond worth 9.72 lakhs and bank guarantee of 10 percent of that amount ?

Or just LUT is enough at gst portal ?

Thanks :)

 2 Replies

Raj C Doshi

Raj C Doshi (Practising CA)     11 May 2021

LUT at portal is enough
1 Like
Christine Diaz

Christine Diaz   11 May 2021

Originally posted by : Raj C Doshi
LUT at portal is enough

When should there be a bond along with bank guarantee, sir ? Thanks  :)

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags