CA SANJEEV AGARWAL asked 4 years ago
Export Under LUT
If registered person export goods under LUT and the proceed from export is not received yet. Is the person liable to pay tax on that export?
Answer the questionCA SANJEEV AGARWAL asked 4 years ago
If you have received the refund & proceeds from Exports of goods are not received in full or part within a period of 9 months or any extension included, then you will have to deposit the amount so refunded to the extent of non-realization of sale proceeds. Please refer to the Rule – 96B of CGST Rules 2017