GST Letter-of-Undertaking Filing

A Letter of Undertaking (LUT) is a declaration made by a registered GST taxpayer, enabling them to export goods and services without payment of integrated tax (IGST).

For whom

  • Any GST registered person who wants to export goods and services without paying IGST can file a LUT.

Document Required

  • PAN card,

  • GST registration certificate

  • Bank details.

Benefits

  • Saves Working Capital​

  • Faster Clearance

  • Easy Compliance

  • Better Cash Flow Management

  • Reduced Transaction Costs

Why Choose

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At Xtraserve, we believe in transparency and effective communication, which is why we provide regular updates on the progress of our clients’ projects and keep them informed of any changes in the financial markets that may impact their investments.

Our team of financial professionals is highly trained, knowledgeable and dedicated to providing top-notch services to our clients. We are committed to maintaining the highest ethical standards and adhering to all industry regulations.

If you’re looking for a financial services company that is dedicated to helping you achieve your financial goals, look no further than Xtraserve. Contact us today to schedule a consultation and learn more about how we can help you. With our wide range of services and convenient office locations, we are confident in our ability to provide you with the best financial solutions for your needs.

FAQ

What is a Letter of Undertaking (LUT) in GST?

A Letter of Undertaking (LUT) is a declaration made by a registered GST taxpayer, enabling them to export goods and services without payment of integrated tax (IGST).

Is a LUT mandatory for all exporters in India?

No, it’s not mandatory for all exporters to file a LUT in India. But it can be a convenient option for exporters to avoid paying IGST on exports.

What is the validity period of a LUT in GST?

The validity period of a LUT in GST is for one financial year, starting from April 1 to March 31.

Who can file a LUT in GST?

 Any GST registered person who wants to export goods and services without paying IGST can file a LUT.

How to apply for a LUT in GST?

A GST registered person can apply for a LUT by filing form GST RFD-11 through the GST portal.

Can a LUT be revised or cancelled?

Yes, a LUT can be revised or cancelled by filing form GST RFD-11 through the GST portal.

What are the documents required for filing a LUT in GST?

The documents required for filing a LUT in GST are PAN card, GST registration certificate, and bank details.

What is the fee for filing a LUT in GST?

There is no fee for filing a LUT in GST.

Can a LUT be filed retrospectively?

No, a LUT cannot be filed retrospectively. It can only be filed for the current financial year.

Is a LUT required for exports of goods under Advance Authorization or EPCG scheme?

No, a LUT is not required for exports of goods under Advance Authorization or EPCG scheme.

Can a LUT be filed for exports of goods under duty-free schemes like DEPB?

No, a LUT cannot be filed for exports of goods under duty-free schemes like DEPB.

Can a LUT be filed for exports of services?

Yes, a LUT can be filed for exports of services.

What happens if a taxpayer fails to file a LUT in GST?

If a taxpayer fails to file a LUT in GST, they will have to pay IGST on exports.

Can a taxpayer claim a refund of IGST paid on exports if they have not filed a LUT in GST?

Yes, a taxpayer can claim a refund of IGST paid on exports if they have not filed a LUT, but they will have to follow the normal refund process.

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