Notification No. 37/2017
Date: October 4, 2017
Subject: Specification of conditions and safeguards for furnishing Letter of Undertaking (LUT) for exports without payment of IGST.
Description:
All registered persons making zero-rated supplies are permitted to furnish LUT in place of bond, except persons prosecuted for specified tax offences. LUT is required to be furnished in FORM GST RFD-11 for a financial year. Failure to pay tax with interest within prescribed time results in withdrawal of LUT facility, which is restored upon payment.
Effective Date: 4th October, 2017
Previous Notification:
Notification No. 16/2017 – Central Tax dated 07.07.2017
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