NO.F.1-11(8)-TAX/2O15 /1225 - 50 GOVERNMENT OF TRIPURA OFFICE OF THE CHIEF COMMISSIONER OF STATE TAX PANDIT N… — The Tripura State Goods and Services Tax Act, 2017

NO.F.1-11(8)-TAX/2O15 /1225 - 50 GOVERNMENT OF TRIPURA OFFICE OF THE CHIEF COMMISSIONER OF STATE TAX PANDIT NEHRU COMPLEX, GURKHABASTI AGARTALA, TRIPURA WEST, PIN-799006. 7h Dated, Agartala, the [ 3_'February, 2018. Circular No.01/2018 GST (State) Subject: The Tripura State Goods and Services Tax Act, 2017 Instructions related to furnishing of Bond 7 Letter of Undertaking (LUT) for exports without payment of Integrated Tax: Reference: (a) Notification No.37/2017-Central Tax, dated 04.10.2017 issued by the Government of India, Ministry of Finance, Department of Revenue, Central Board of Excise & Customs (CBEC); (b) Circular No_ 8/8/2017-GST;, dated 04.10.2017 issued by the Commissioner (GST) , Government of India, Ministry of Finance; Department of Revenue, Central Board of Excise & Customs (CBEC), GST Policy Wing; The Tripura State Goods & Services Tax Act;, 2017 the Central Goods & Services Tax Act; 2017 and the Integrated Goods & Services Tax Acl; 2017 have come into force from Ist July, 2017 . 2 Section 16(3) of the Integrated Goods & Scrvices Tax Act, 2017 provides that a registered person making 'Zero Rated' supply shall be eligible to claim refund under either of the following options: (a) he may supply goods or services or both under Bond Or Letter of Undertaking (herein after referred to as LUT) , subject to such condition, safeguards and procedure as may be prescribed, without payment of integrated tax and claim of refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject lo such coudition, safeguards and procedure as may be prescribed, on payment of integrated tax and claim of refund ol such tax paid on goods or services or both supplicd, in accordance with the provisions ol section 54 of the Central Goods & Services Tax Ac