Question 56:
a) events in only only one part of consultancy, may be 10% of total amount, balance is funds procurement for trust in UK, that is i have checked that it is export.
 how do we apply and reguarise for lut for last year ending 31.3.18

Answer
If you have checked that the transaction is export then we are not discussing this point. But you are once again suggested to make a break-up of transaction so that the taxable portion of the transaction can be arrived undisputed.

So far as LUT relating to export during 2017-18 is concerned, it cannot be filed with retrospective effect. You can file LUT online and ARN No. will be provided online followed by LUT No. You can start export with generation of ARN No.

For the Previous Year 2017-18 Show cause notice will be issued but you can argue it on the ground of procedural lapses.

At present you can't do any thing for the export done without LUT Wait for the Show cause notice then decide about the reply to be given (reply dt. 05/10/2018)