Facility of LUT extended to all exporters / registered persons subject to conditions - F.2 (3)/Policy-GST/2017/998-1009 - Delhi SGST

DEPARTMENT OF TRADE AND TAXES (GST-POLICY BRANCH) NOTIFICATION No.F.2 (3)/Policy-GST/2017/998-1009 Delhi, the 31st October, 2017 State-Tax (Reference GOI notification no. 37/2017 Central Tax) In exercise of the powers conferred by section 54 of the Delhi Goods and Services Tax Act, 2017 (Delhi Act 03 of 2017), and sub-rule (5) of rule 96 A of the Delhi Goods and Services Tax Rules, 2017, the Commissioner, State Tax, (Delhi) hereby specifies conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax - (i) all registered persons who intend to supply goods or services for export without payment of integrated tax shall be eligible to furnish a Letter of Undertaking in place of a bond except those who have been prosecuted for any offence under the Delhi Goods and Services Tax Act, 2017 (Delhi Act 03 of 2017) or the Integrated Goods and Services Tax Act, 2017 (13 of 2017) or any of the existing laws in force in a case where the amount of tax evaded exceeds two hundred and fifty lakh rupees; (ii) the Letter of Undertaking shall be furnished on the letterhead of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD 11 referred to in sub-rule (1) of rule 96A of the Delhi Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of Directors of such company or proprietor; (iii) the Letter of Undertaking shall cease to be valid if the registered person fails to pay the tax due along with interest, as specified under sub-rule (1) of rule 96A of Delhi Goods and Services Tax Rules, 2017, within the period mentioned in clause (a) and clause (b) of the said sub-rule and it shall resume being valid after such tax and interest is paid. 2. The provisions of this notification shall mutatis mutandis apply in respect of zero-rated supply of goods or services or both made by a registered person (including a Special Economic Zone developer or Special Economic Zone unit) to a Special Economic Zone developer or Special Economic Zone unit without payment of integrated tax. 3. This notification shall come into force with effect from the 4th day of October, 2017. H. RAJESH PRASAD, Commissioner, State Tax