GST LUT Form
@ Rs.2499*
In 7 Days – From any where – At a Single Click
Contact Us Now
Call Now: 8700846995
* Professional Fee only not including any Govt. fee
GST LUT Form
What is GST LUT?
GST LUT (Letter of Undertaking) is a declaration filed by exporters to claim tax exemption on exports without paying Integrated GST (IGST). It is required under Rule 96A of CGST Rules, 2017 and is filed online via the GST portal.
Who Should File GST LUT?
- Businesses engaged in the export of goods and services.
- Suppliers making zero-rated supplies to SEZ units.
- Service providers dealing with international clients without paying IGST.
- Businesses undertaking deemed exports (as per GST laws).
Why is LUT Important in GST?
- Avoids upfront IGST payment on exports.
- Simplifies tax compliance for exporters.
- Ensures better cash flow by eliminating the need for IGST refunds.
- Boosts global competitiveness of Indian exporters.
Documents Required for Filing GST LUT
To submit GST LUT online, the following documents are required:
- GST Registration Certificate
- PAN card of the business
- Authorized signatory’s Aadhaar and PAN
- Export invoices from the previous year (if applicable)
- IEC Code (Import Export Code)
- Bank details
- Signed GST LUT Form
Procedure for Filing GST LUT Online
- Login to GST Portal: Visit www.gst.gov.in and enter login credentials.
- Navigate to GST LUT Form: Click on “Services” → “User Services” → “Furnish Letter of Undertaking (LUT)”.
- Fill the Application Form: Provide details such as financial year, GSTIN, and authorized signatory.
- Upload Required Documents: Attach supporting documents like PAN, previous LUT (if applicable), and authorization letter.
- E-Sign and Submit: Authenticate using DSC or EVC and submit the LUT.
- Download Acknowledgment: Save a copy of the approved LUT for reference.
Validity of GST LUT
- GST LUT is valid for one financial year.
- Exporters need to renew it annually to continue availing benefits.
- If an exporter fails to comply with the conditions, LUT benefits may be revoked.
Penalty for Non-Compliance of GST LUT
- If an exporter fails to submit a valid LUT, they must pay IGST on exports.
- Interest and penalties may apply if incorrect information is provided.
- Non-adherence can result in rejection of LUT applications in future.
How to Cancel an E-Way Bill?
- Can be canceled within 24 hours of generation if goods are not transported.
- Cannot be canceled if goods are already verified in transit.
Why Choose Humsabka Advisor for GST LUT Filing?
- Expert Consultation: Our GST professionals assist in filing LUT correctly.
- Quick Processing: Ensure fast and error-free submission.
- Hassle-Free Compliance: We manage annual renewals and compliance.
- Affordable Pricing: Cost-effective solutions for businesses.
Conclusion
Filing GST LUT allows exporters to enjoy zero-rated exports without the hassle of paying and claiming IGST refunds. It is essential for smooth international trade operations and better working capital management.
Need help with GST LUT filing? Contact Humsabka Advisor for expert assistance!
Documents & Information required for GST LUT Form
- GST Registration Certificate
- PAN Card
- Authorised Signatory PAN
- Authorised Signatory Aadhaar
- Export Invoice from previous year (if applicable)
- IEC Code
- Bank Details
- Signed GST LUT Form
GST LUT Form FAQ’s
Is LUT mandatory for all exporters?
No, LUT is mandatory only for exporters who wish to export goods or services without paying IGST. If LUT is not filed, the exporter must pay IGST and later claim a refund.
Can LUT be filed offline?
No, LUT can only be filed online through the official GST portal.
What is the due date for filing LUT?
LUT should be filed before the beginning of the financial year in which the exporter wants to claim the benefit. It is valid for one financial year.
Do I need to file LUT for every export transaction?
No, once LUT is approved, it is valid for the entire financial year and covers all eligible export transactions.
Can a taxpayer file LUT for past periods?
No, LUT cannot be filed retrospectively. It must be submitted at the start of the financial year.
What happens if LUT is not furnished on time?
If LUT is not filed on time, the exporter must pay IGST on exports and then claim a refund, which can cause cash flow issues.
Can I revise or edit a submitted LUT?
No, once the LUT is submitted, it cannot be revised or edited. A new LUT must be filed in the next financial year.
Who can sign the LUT application?
The LUT must be signed by the authorized signatory of the business, such as a director, partner, or proprietor.
Is there any government fee for filing LUT?
No, there is no government fee for filing LUT under GST.
Can a business with GST defaults file LUT?
No, businesses with past GST defaults or pending dues are not eligible to file LUT. They must submit a bond along with a bank guarantee instead.
What is the difference between an LUT and a Bond?
An LUT is a self-declaration that allows exports without IGST payment, while a bond is required for exporters who are ineligible for LUT.
How long does it take for LUT approval?
If all details and documents are correctly provided, LUT is usually approved immediately or within a few working days.
What happens if LUT conditions are violated?
If an exporter does not comply with LUT conditions, the authorities may revoke the LUT facility and require future exports to be taxed with IGST.
Can service exporters also file LUT?
Yes, both goods and service exporters can file LUT if they meet the eligibility criteria.
Is LUT applicable to deemed exports?
Yes, LUT can also be used for deemed exports, such as supplies made to SEZs.
Can a new business apply for LUT?
Yes, a newly registered business can apply for LUT if it intends to export goods or services without paying IGST.
What are the consequences of providing false information in LUT?
Providing false information in LUT may lead to penalties, rejection of LUT, and possible legal consequences.
Can LUT be rejected by GST authorities?
Yes, GST officers can reject LUT applications if incorrect information or incomplete documentation is provided.
Where can I check the status of my LUT application?
You can check the status of your LUT application by logging into the GST portal and navigating to the LUT section under “User Services.”
How can Humsabka Advisor help with GST LUT filing?
Humsabka Advisor provides expert consultation, documentation support, and hassle-free GST LUT filing services to ensure a smooth process.