Submit a GST Letter of Undertaking (LUT) to avail tax exemptions on exports before initiating the export of goods or services.
A Letter of Undertaking (LUT) allows exporters to ship goods or services without paying IGST upfront. Without an LUT, exporters must pay IGST first and later claim a refund, which can be time-consuming and block funds. Filing an LUT simplifies the process and reduces compliance hassles.
Exporters can submit the LUT online using GST Form RFD-11, agreeing to comply with all prescribed conditions and requirements.
By filing an LUT under GST, exporters can ship goods or services without paying taxes upfront. If the LUT is not filed, the exporter must pay the applicable tax at the time of export and later claim a refund to benefit from zero-rated exports.
Filing an LUT online offers significant advantages for regular exporters by bypassing the lengthy IGST refund process. This ensures that working capital isn’t blocked in pending refunds, freeing funds for other business activities and lowering the overall export costs.
Once submitted, the Letter of Undertaking (LUT) stays valid for the entire financial year, removing the need to complete the process separately for each export transaction.
Since April 2018, the entire process of filing and approving the LUT has been fully online. Applicants can complete it remotely by uploading the necessary documents, eliminating the need for any in-person visits.
A Copy of PAN card of the exporter entity
A Copy of PAN card and Aadhar card of partners/directors
Information of at least two witnesses along with the address proof and PAN
GST Registration Certificate of the exporter is required
The IEC certificate must be submitted
A Copy of cancelled cheque of current account of exporter
Call us at: 9414883452 or Email us : contact@submitreturn.com
*Subject to Government processing time
Call us at: 9414883452 or Email us : contact@submitreturn.com
Here’s what keeps us going strong.
File the Letter of Undertaking that guarantees tax savings before the exports.
