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All QuestionsCategory: GST ConsultancyExport Under LUT
Profile photo of SANJEEV AGARWALCA SANJEEV AGARWAL asked 1 month ago

Export Under LUT

If registered person export goods under LUT and the proceed from export is not received yet. Is the person liable to pay tax on that export?

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Profile photo of Consultease AdministratorConsultease Administrator replied 4 weeks ago

If you have received the refund & proceeds from Exports of goods are not received in full or part within a period of 9 months or any extension included, then you will have to deposit the amount so refunded to the extent of non-realization of sale proceeds. Please refer to the Rule – 96B of CGST Rules 2017