Submission of Bond/Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under IGST Act.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o. JC/HQ-1/GST/LUT/BOND/2017-18 Mumbai, Date 10/07/2017 Trade Cir. No. 29 T of 2017 Subject: Submission of Bond/ Letter of Undertaking by the Exporter in respect of Exports without payment of Integrated Tax under IGST Act. Sir/ Gentlemen/ Madam, The Maharashtra Goods and Services Tax Act, 2017, (hereinafter referred to as the MGST Act ), the Central Goods and Services Tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... aid on goods or services or both supplied, in accordance with the provisions of section 54 of the Central Goods and Services Tax Act or the rules made thereunder. 3. The rule 96A of the Maharashtra Goods and Services Tax Rules, 2017 provides that refund of integrated tax paid on export of goods or services can be availed by submission of bond or Letter of Undertaking in FORM GST RFD-011. 4 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e provisions of sub-rule (5) of aforesaid rules the State Government is empowered to issue notification and provide certain conditions and safeguards under which an exporter may furnish Letter of Undertaking in place of a bond. 6. On this background various queries have been received from the Trade and Associations stating the difficulties faced with regards to the procedure prescribed in respe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... reproduced below: 7. It is further stated that the Bond/ LUT shall be accepted by the jurisdictional Deputy/ Assistant Commissioner having jurisdiction over the principal place of business of the exporter. The exporter is at liberty to furnish the bond/ LUT before Central Tax Authority or State Tax Authority till the administrative mechanism for assigning of taxpayers to respective authority .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ve mechanism for assigning or Taxpayers to respective authority is implemented. It would be worth to mention that the Central Tax Administration have assured that ail necessary steps are being taken to facilitate the exporters. 9. This circular is clarificatory in nature and cannot be made use of for interpretation of provisions of law. If any member of trade has any doubt, he may refer the mat .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X