Letter of Undertaking (LUT)
LUT is filed with the GST department to Export Goods or Services without payment of Duty.
Filing of Letter of Undertaking (LUT)
File Letter of Undertaking for export of Goods or Services without payment of duty for ₹790/- Only
Letter of Undertaking is provided by the taxpayer to the GST Authorities for export of goods or services without payment of IGST. If the exporter does not file the LUT then he has to pay the IGST. A LUT saves the efforts and time of exporters to apply for refunds and eliminates blockage of funds. Any registered person who wants to export goods or services without payment of GST can furnish LUT under CGST Rules, 2017. LUT is valid for one financial year.
Features of Letter of Undertaking (LUT)
Export Without Payment of IGST
This primary benefit of LUT, which eliminates the blockage of funds.
Process for filing LUT is completely online.
FAQs on Letter of Undertaking
LUT is valid for one financial year, every year a new LUT is required to be filed.
LUT needs to filed by every exporter who needs to export goods or services without payment of IGST.
LUT can be filed by exporter of goods and services.