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Should there be LUT along with bond and bank guarantee ?

IGST 236 views 2 replies

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 :)

Replies (2)
LUT at portal is enough
Originally posted by : Raj C Doshi
LUT at portal is enough

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


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