Documents required for filing of bond for Export of Goods/services under GST

To export under GST without payment of tax, one needs to file the bond or LUT to the GST department. If you do not choose to file the bond or LUT for exports, then you shall need to charge the GST on exports and apply for refund later on.

The documents relating to bond required to be filed either to the central jurisdiction or to the state jurisdiction depending whether your state accepts the application or not.

When bond is required to be filed

The bond is required to be filed in the following cases:

• New exporter
• Where foreign receipts total is less than 1 cr.
• Where foreign receipts realized is less than 10% of export turnover.

Documents required for filing of bond for export of goods/services under GST

One shall require the following documents for filing of bond under GST to the government department:

• Request letter for acceptance of RFD 11. The request letter should be on letter head and signed by the proprietor/director/partner of any authorised person.

• Form GST RFD 11 dully filed and signed with seal on letter head.

• Bond on stamp paper (Rs.100 in Delhi, Rs.300 in UP etc). The bond should be equal to the IGST amount on exports. E.g. Your expected turnover is Rs.1 Cr and tax rate is 5%, in this case the bond amount shall be Rs.500,000/-.

• Copy of GST registration certificate

• Copy of IEC code (not applicable in case of services)

• Copies of VAT return for all quarters or GSTR 3 of all three months. In case of services, service tax return would do.

• Copies of bank guarantee of 15% of the bond amount in the name of Assistant Commissioner with respective range address.

• Export bill/invoice

• PAN and ID of the signatory and off witnesses duly signed.

• Letter of authorisation.

Conclusion

In case you want to file the LUT or bond, please write to us at info@hubco.in

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