Question

an exporter under invoices exports goods to a foreign country and deposit the money received from the importer in the foreign bank without the permission of the appropriate government authorities. Later he brings that amount as foreign debt to avoid income tax. Is it justified​

Answer 1

Answer:

Export goods/ services or both under a bond or letter of undertaking (LUT) without payment of tax

Export goods/ services or both with payment of GST.

An exporter should keep the following points in mind before under taking export of goods/ services: