In a move to simplify the procedure of exports for small exporters, Ministry of Finance, Central Board of Excise and Customs, GST Policy Wing has issued a circular dated 4th October, 2017 vide Circular No. 8/8/2017-GST, clarifying issues relating to Bond/LUT in case of export of goods and services w…
Blog posts : "lut & bond in gst"
BOND AND LETTER OF UNDERTAKING IN CASE OF EXPORTS
Under GST regime, export of goods and services has been treated as a “zero rated supply”. This implies that no tax would be payable on such supplies and the exporter will be able to claim the corresponding input tax credits.
Indian Government has specified the following procedures for export …
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