Letter of Undertaking (LUT)
Individual would issue a letter of undertaking to the business stating their intentions.
LETTER OF UNDERTAKING (LUT)
LUT stands for “Letter of Undertaking” and it is also known as GST RFD 11 under rule
96 of the CGST Rules 2017. It is mandatory to furnish the Letter of undertaking (LUT) to
export the goods, services, or both without paying the IGST. In case if the exporter fails
to provide the LUT then he has to pay the IGST or furnish an export bond.
Under CGST Rules, any registered person can furnish an export bond or LUT in GST
RFD 11 without paying the integrated tax. They can apply for LUT if:-
- They intend to supply goods or services to India or overseas or SEZs
- Are registered under GST
- They wish to supply goods without paying the integrated tax.
Benefits of LUT
Easy and simple
LUT is valid for a one financial year
Export without tax payment
No additional compliances
Save working capital
PROCESS WE FOLLOW
Select the service
Pay for the service
Sales expert will call you & guide you for documentation
Preparation of documents and send you for signing or authorization
Documents submission with the department for approval
Confirmation on successful registration or completion of work
OPTION 1
- Consultation by expert
- Compilation of documents and information
- Filing of application with department
- LUT Certificate
- Original documents file
OPTION 2
- Consultation by expert
- Compilation of documents and information
- Filing of application with department
- Liasoning with department for escalating approval
- LUT Certificate
- Original documents file
