GST, Services

LUT for Export in GST

What Is LUT For Export In GST? LUT stands for Letter of Undertaking (LUT). Letter of Undertaking is commonly known as LUT. If LUT has not been furnished, the export can only be made through payment of IGST or by furnishing an export bond. Initially, only the option of export bond was allowed. The Letter of Undertaking (LUT) is prescribed to be furnished in form GST RFD 11 under rule 96A, whereby the exporter declares that he/she would fulfill all the requirements prescribed under GST while exporting without making IGST payment. When LUT Required To Take In GST? When an Exp

GST, Services

GST Amendment

What Is Goods And Service Tax Registration (GST) Amendment? In the regular course of business, we encounter certain changes which directly affect our registration particulars under GST. Change in Trade Name Change in registered office address from one place to another. Change in bank details Addition/Modification of additional place of business Change in Communication details like Mobile Number and Email Change of Authorized Signatory Switching between Composition scheme and Regular

GST, Services

GST Return

What Is GST Return? To make India as a monetary super power, the presentation of GST is must. There is much misgiving identifying with proposed GST administration in regards to the development in Indian Economy and its belongings thereof. As we probably am aware in India economy, goal based tax assessment requires high consistence cost and effective organization. Tax assessment both immediate and aberrant assumes an essential part in advancing monetary development and impartial appropriation. As we are confronting the falling arrangement of backhanded duties in India and w

GST, Services

GST Registration

What is GST Registration? Starting July 2017, Goods and Services Tax (GST) will be relevant to all Indian specialist co-ops (counting consultants), dealers and makers, once their supply turnover crosses Rs. 20 lakh. The GST is an across the board charge that subsumes an assortment of state (VAT, Entertainment Tax, Luxury Tax, Octroi) and focal duties (CST, Service Tax, Excise Duty). GST is to be charged at each progression of the production network, with finish set-off advantages accessible. The methodology for GST is totally on the web and requires no manual intercession.