GST Letter of Undertaking

GST Letter of Undertaking price starting at INR 499/- only.

Rs. 499 /- only
About LUT Advantages Documents Required Steps Process

What is GST Letter of Undertaking ?

LUT is the abbreviation for a Letter of Undertaking. The exporter must file the Letter of Undertaking in order to export products or services without paying taxes. If the LUT is not filed, the exporter may still export by paying the IGST and then requesting a tax refund. As exporters do not want to deal with the headache of reimbursements and the blocking of their funds, filing a LUT is more convenient than using the refund route. Comparatively less stringent requirements apply to LUT applicants than under the previous system. Using the GST RFD 11 form, a letter of undertaking can be submitted online. By submitting LUT, the exporter guarantees that he will meet all conditions established for this route.

Advantages

The advantages of GST Letter of Undertaking  

Export Free of Additional Tax

A business employee or seller may legally conduct an export firm without paying the required tax thanks to a GST Letter of Undertaking or Bond. 

Long year Validity

A GST LUT can be submitted for a complete financial year in accordance with the Act. It makes business operations trouble-free and streamlines the taxation process.

Relaxation from Customs Duty

GST LUT filing gives an export business entity additional peace of mind in terms of customs duty in addition to exempting the auxiliary taxation. 

Business-Friendly Capital

An entity saves a significant amount of capital by receiving refunds from other types of GST Filings throughout the fiscal year once it submits a GST LUT to the taxation department of the Indian government. 

Simple and Practical Online Procedure

The GST LUT filing process has been transformed into a fully digital system as of April 2018. It improved convenience for Registered Business Persons and brought clarity to the tax filing procedure.

Documents required

The documents required for GST Letter of Undertaking 

  • Request letter for acceptance of RFD 11. The letter must be on company letterhead and bear the owner's, director's, or partner's signature of any authorised person.
  • Letter of authorization.
  • Self-statement that, barring special permission, the terms of the Letter of Undertaking must be followed.
  • PAN, ID, and off witnesses properly signed, as well.
  • A self-declaration from the exporter stating that he has not faced legal action a duplicate of the GST registration certificate.
  • Export invoice/bill.
  • IEC code copy (not applicable in case of services).
  • Copy of the GSTR 3 for all three months or the VAT return for each quarter. For services, a service tax return would be sufficient.
Simple steps

3 simple steps to file a LUT

Answer Quick Questions

  • Filling out our Questionnaire only requires a few minutes of your time.
  • Provide the essential information and papers needed.
  • Use secure payment gateways to make payments.

Experts are Here to Help

  • Relationship Manager assigned.
  • Preparation for the Letter of Undertaking.
  • Filing the letter of commitment.
  • Letter of Acceptance.

Letter of Undertaking is filed

  • It only requires 3 to 5 working days.
Process of LUT

Process of filing LUT under GST

  • Discussion and collection of basic Information.
  • Gathering of necessary documentation.
  • The letter of undertaking preparation.
  • Online Submission of LUT.
  • ARN-Bearing Sharing Acknowledgment.

footer-service

Start a Business

Business Liecense

GST

Income Tax

TOOLS

© 2022 Tech and Tax Planner Pvt. Ltd.   All Rights Reserved.

Developed By : Inventive Infosoft | Creative Consultant: Efox Technologies