9911796707
TMI BlogSEZ Unit - Bond/LUT under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... We are a Recruitment Firm, having a client in SEZ, Pune. We placed an employee who is working in Pune office of that client. Client is demanding Bond/LUT to release the payment. We cant furnish LUT as not an exporter and turnover under 30Lacs. How to furnish a bond and value. Moreover is there any other way as we are not willing to work with SEZ unit because of this issue. Kindly help. Thanks! - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By KASTURI SETHI - The Reply = How have you supplied manpower without contract ? Contract between both is required. Non-issue of bond or LUT goes against you. - Reply By Kishan Barai - The Reply = Bond LUT has to be furnished by the exporter, not the supplier of goods services to exporter. - Reply By Kishan Barai - The Reply = More over when you supply the goods or service to SEZ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , you become an exporter, so you need to furnish that as you will provide them bill without charging GST to them. As you income is under 30 Lacks, facilities of LUT would not be provided to you. You can opt for Bond + BG method to carry on business with them. - Reply By KASTURI SETHI - The Reply = Sh.Kishan Barai Ji, Both of your replies are 100 % correct. Querist is chained with SEZ. SEZ ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n ensure its security. It is upto them how they feel secure. Querist is basking in the grace of SEZ unit. So he will have to comply with conditions of SEZ. Manpower supplier requires certificate from SEZ for refund or exemption from GST. So naturally there should be agreement between both on the terms to be dictated by SEZ. - SEZ Unit - Bond/LUT under GST - Query Started By: - Janesh Singh Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 17-8-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
