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 :)

Replies (2)
Quick Summary
This discussion clarifies the requirement for GST documentation when exporting services from India. For companies exporting services and falling within the 18% GST bracket, the primary question is whether an LUT (Letter of Undertaking) alone is sufficient, or if a bond and bank guarantee are also necessary. The consensus is that an LUT submitted via the GST portal is generally enough to avoid paying GST on exports.

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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