2 :<_ 5- fJ {) — The Tripura State Goods and Services Tax Act, 2017

/;;2 :<_ 5- fJ {) 1 /; 1 NO.F.1-11(8)-TAX/ 2 015 GOVERNMENT OF TRIPUiiA_ OFFICE OF THE CHIEF COMMISSIONER OF STATE TAX PANDIT NEHRU COMPLEX, GURKHABASTI AGARTALA, TRIPURA WEST, PIN-799006 . . ( . Dated, Agartala, th e l_2L ?ebruary , 2018. Circular No.O l/2018- GS1' Subject: The Tripura State Goods and Services Tax Act, 2017- Instructions related to furnishing of Bond I 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 tbe 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 Act, 2017 have come into force from lstJuly, 20]7. Section 16(3) of the Integrated Goods & Services Tax Act, 20 J 7 providf'S 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 tu 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 to such coudition, safeguards and procedure as may be prescribed, on payment of integrated tax and claim of refund of such tax paid on goods or services or both supplied, in accordance with the provisions or section 54 of the Central Goods