Simplify LUT Form Filing with IndiaFilings

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Navigating the complexities of LUT (Letter of Undertaking) filing for exporters has always been challenging. At IndiaFilings, we specialize in streamlining the process, allowing you to focus on expanding your export operations. Our experienced professionals understand the nuances of GST regulations and are well-equipped to guide you through the seamless submission of the GST RFD-11 form. We offer end-to-end support, from document preparation to online submission, ensuring accuracy and compliance at every step. With IndiaFilings by your side, you can unlock the benefits of tax-free exports without the hassle of navigating complex procedures. Simplify your filing of LUT in GST today and begin a smoother export journey with us.

GST LUT Form FAQ’s

What is LUT full form?

LUT full form is “Letter of Undertaking.” The LUT is a document that allows Indian exporters to export goods and services without paying the Integrated Goods and Services Tax (IGST) upfront.

What is LUT in GST?

LUT in GST refers to the “Letter of Undertaking” that exporters file with the GST department. LUT in GST enables exporters to supply goods or services outside India or to Special Economic Zones (SEZs) without paying IGST upfront, provided they comply with specific eligibility criteria. This is what is LUT in GST refers to and the purpose it entails.

What is LUT in export and why is it important?

Most exports are confused with the question of what is LUT in export. LUT in export is a declaration filed by exporters, allowing them to ship goods or provide services internationally without paying IGST at the time of export. LUT in export is crucial because it ensures that the transaction is treated as zero-rated under GST, meaning no tax is payable on export supplies. This is what is LUT in export means and the importance it possesses.

How would I know that the process of furnishing the LUT has been completed?

After successful filing, the system will generate ARN and acknowledgment. You will be informed about successful filing via SMS and Email, and you can also download the acknowledgment as a PDF.

Is it possible to view the LUT application after filing?

Yes, the Taxpayer will be able to see his LUT after filing.

Is it mandatory to file GST LUT?

It is mandatory to furnish the Letter of undertaking (LUT) to export the goods, services, or both without paying the IGST.

What happens when the exporter fails to furnish the LUT?

In case if the exporter fails to provide the LUT then he has to pay the IGST or furnish an export bond.

Who is eligible to furnish LUT under GST?

Any person who is exporting goods or services can furnish the LUT.

Who is not eligible to furnish under GST?

A person who has been prosecuted for evading tax of Rs. 2.5 crore or above under the act cannot furnish the LUT.

What are the documents required for LUT under GST?

LUT cover letter- duly signed by an authorized person Copy of the GST registration PAN of the entity.

What if the LUT is not furnished on time?

If the LUT is not filed on time the exporter is required to pay the tax while carrying out exports and then claim a refund to avail the benefit of the zero-rated exports.

What is Form RFD 11?

Furnishing of the bond or letter of the undertaking for export of goods or services in Form RFD 11.

What should be filed in the letter of undertaking?

GSTIN and Name (Legal Name) of the Taxpayer will be prefilled based on login. The Taxpayer needs to select the financial year for which LUT is being filed, enter the name, address, and occupation details of two independent and reliable witnesses.

Is it mandatory to record them manually approved LUT in online records?

It is not mandatory, but if the Taxpayer wants to record the manually approved LUT to be available in online records, he can furnish it with the online application.

Who has to sign the LUT application?

Primary authorized signatory/Any other Authorized Signatory needs to sign and file the verification with DSC/EVC. The authorized signatory can be the working partner, the managing director, or the proprietor or by a person duly authorized by such operating partner or Board of Directors of such company or proprietor to execute the form.

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