LUT of FY 2019-20 to be eligible for FY 2020-21 upto 30.06.2020

written by GST expert | May 1, 2020

An ordinance Dt. 31.03.2020 was issued under the heading THE TAXATION AND OTHER LAWS (RELAXATION OF
CERTAIN PROVISIONS) ORDINANCE, 2020 which was extending due date for each compliance relating to filing of any return, statement or report etc, which were falling due between 20.03.2020 and 29.06.2020 to 30.06.2020.

Now, an instruction has been issued Dt. 30.04.2020 which is further clarifying the requirement of applying of new LUT for FY. 2020-21, wherein it has been said that based on notification 35/2020 Central Tax dt. 03.04.2020 time limit for filing of LUT for 2020-21 shall stand extended to 30.06.2020 and the taxpayer can continue to make supply under LUT without payment of tax by quoting LUT number of FY. 2019-20.

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