• Shall lut is required by a C&F agent for Collect shipments

Dear Sir, We are providing c&f agent service and doing shipment on collect basis and receiving payment in convertible currency , shall we require LUT or BOND FOR these type of shipments.
Asked 4 years ago in GST

Hi,

- If the service receiver is located outside India then you need to apply for it.

 

Thanks

Vivek Kumar Arora
CA, Delhi
4848 Answers
1044 Consultations

5.0 on 5.0

Dear Sir,

 

Hope you are doing well !!

 

Yes, you will have to apply to LUT provided the service receiver is located outside India.

Payal Chhajed
CA, Mumbai
5188 Answers
289 Consultations

5.0 on 5.0

Hello,

 

Yes, you need to get LUT for such services supply.

I hope this answer satisfies your requirement.

 

 

Regards,

CA Hunny Badlani

Hunny Badlani
CA, Madhya Pradesh
2608 Answers
16 Consultations

5.0 on 5.0

Hi

 

Yes, LUT shall be required to classify it as export of service.

 

I assume the service receiver in your case is outside India.

Lakshita Bhandari
CA, Mumbai
5687 Answers
911 Consultations

5.0 on 5.0

In case of intermediary service generally place of supply is place of intermediary, since you are in India you can't apply for LUT and say its an export of service so I dont think applying for LUT would be useful for you.

 

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4274 Answers
97 Consultations

5.0 on 5.0

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA