CBIC Extends the Time Limit for Filing FORM GST RFD-11

By: Admin July 12, 2024 Categories: 53rd GST Council Meet | Notification & Circular

Notification

The CBIC, through Notification No. 12/2024 – Central Tax dated July 10, 2024, has amended clause (b) in sub-rule (1) of Rule 96A of the CGST Rules, extending the deadline for filing a bond or a Letter of Undertaking (LUT) in FORM GST RFD-11.

Effect of the Notification

Registered persons who opt to supply goods or services for export without payment of integrated tax must submit FORM GST RFD-11 within fifteen days after one year from the date of issuing the export invoice, or within the period allowed under the Foreign Exchange Management Act, 1999 (including any extensions granted by the Reserve Bank of India), whichever is later.

This extension provides exporters with a longer timeframe to comply with the requirement of furnishing a bond or LUT, facilitating smoother operations and compliance within the regulatory framework.

CBIC #GST #ExportCompliance #RFD11 #TaxRegulations #Notification

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