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Export Invoice with IGST

Goods and Services Tax - Started By: - lakush jain - Dated:- 11-4-2018 Last Replied Date:- 18-4-2018 - I want to export some items to Nepal. The total amount of export is 1,00,000. I do not have any LUT yet so I will include IGST in the invoice which comes out to be 18,000.Now my total invoice amount becomesNet - 1,00,000IGST - 18,000Grand Total = 1,18,000 INRNow the person in NEPAL will not pay this GST to me because he has nothing to do with this 18% tax which I included in the invoice. What s .....

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ou can taken LUT online on the Portal of GST & Clear the Consignment Without Payment of IGST. LUT Can be submitted online within a few Minutes. - Reply By lakush jain - The Reply = Thanks for your replies, I actually have some questions regarding both IGST and LUTLUT takes some time and I need to send the order urgently. If I generate LUT online how will I get physical LUT proof to send with the shipment? Do I need to pay IGST before exporting goods? If I need to pay the IGST before sending .....

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hich is sufficient for export of your goods. - Reply By lakush jain - The Reply = This ARN number generated by online LUT portal, can I use just this with transport company to send my goods or do I need any other supported documents while sending my goods?Also do I need any Import Export Code (or IC code) before sending my goods to NEPAL or to generate LUT? - Reply By KASTURI SETHI - The Reply = For export also, Import Export Code is must. - Reply By lakush jain - The Reply = but according to be .....

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IN is sufficient. - Reply By Ganeshan Kalyani - The Reply = Online submission of LUT application is enough. No need to get hard copy . - Reply By YAGAY AND SUN - The Reply = ARN would be the LUT number as clarified by CBIC. - Reply By KASTURI SETHI - The Reply = M/s. Yagay and Sun, Dear Sir, Will you please mention circular no. ? For knowledge sake. - Reply By YAGAY AND SUN - The Reply = Sure Sir, LUT shall be deemed to be accepted on Generation of ARN, No Documents required to be physically sub .....

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uments are required to be physically submitted to the jurisdictional office for acceptance of LUT. The Circular also stated that if an exporter s LUT has been accepted and later if it was discovered that the exporter was ineligible to furnish a LUT in place of a bond, then the LUT will be liable for rejection and such LUT shall be deemed to have been rejected from the very beginning. The Circular was issued upon receiving various queries from the field formations and exporters regarding a techni .....

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