Submission requesting for relaxation under Rule 96A of CGST Rules for realisation of exports proceeds

As per Rule 96A of Central Goods and Services Tax Rules, 2017 ( CGST Rules ), every exporter exporting goods or services without payment of integrated tax is required to furnish a Letter of Undertaking ( LUT ). The purpose of furnishing LUT is to bind the exporter to pay GST along with the interest, in case he fails to realise payment within 12 months from date of invoice or within such period as…