SWITCH TO EXPORT WITH PAYMENT OF IGST FROM EXPORT UNDER LUT

Gaurav Pareek (Article) (30 Points)

28 November 2019  

MY FIRM IS EXPORTING GOODS UNDER LUT. NOW FROM 01st DECEMBER 2019 WE WANT TO EXPORT GOODS WITH PAYMENT OF TAX. PLEASE TELL ME ABOUT PROCEDURE AND IMPACT ON US AND BUYER ?? IS IT COMPULSORY TO SURRENDER LUT ?? WILL PAYMENT OF IGST INCREASE COST OF BUYER ??