Question12:

Can deemed export i.e. sale to EOU as per recent notificaitons & circulars be done without payment of GST under LUT?

Answer:

Deemed Export is covered under section 147 of CGST Act and physical export is covered under Section 16 of IGST ACT as zero rated supply Provision are different in both the cases Notification no 48/17 read with Section 147 provide facility to take refund of tax paid but there is no scope to clear goods under LUT  We have given suggestion to various government authorities to give facility of clearance of goods as that was under earlier law. Very soon some development is expected.  (Reply dt. 30/11/2017)