Legal Darbar provides you the best service of GST LUT Form in order to indicate that they will not pay IGST (Integrated GST) when they export goods or services. It enables enterprises to execute exports without the expense of advance tax payments, as long as they meet certain requirements. It is filed under Rule 96A of CGST Rules, 2017. legaldarbar.com
A GST LUT (Letter of Undertaking) form is a document used by producers to deliver products or services without paying Integrated GST. It enables enterprises to export tax-free by agreeing to follow GST laws. Legal Darbar helps clients obtain a GST LUT by guiding them through the application process, verifying proper documentation, and sending the form to the tax authorities. Their professionals handle compliance, answer questions, and speed approvals, allowing businesses to export smoothly and without financial risk. With Legal Darbar’s help, businesses can avoid too much tax payments, ensuring smooth international trade and regulatory compliance.
Who Cannot Apply for GST LUT?
Businesses offering taxed goods for domestic use and the producers with a record of tax avoidance or noncompliance can noy apply for GST LUT Form. legaldarbar.com
legaldarbar.com Validity of LUTs:
1. LUT is valid for one fiscal year (April-March).
2. It must be updated yearly before the expiry of the previous LUT.
Legal Darbar follows these steps for filing an GST LUT Form:?
- By logging in to the GST portal: Go to legal darbar website and consult with us Go to LUT Form: Go to ‘Services’ > ‘User Services’ > ‘Furnish Letter of Undertaking (LUT).’
- Select the right financial year for the LUT.
- By filling in the details: Provide required information, including witness details.
- By signing and submitting, accept the terms, sign with DSC or e-signature, and submit.
Need Help ?
Legal Darbar advises you on who should register for the GST LUT (Letter of Undertaking) form.
1. Producers of Goods and Services: Businesses that produce goods or services from India. and the organizations that provide goods to Special Economic Zone (SEZ) units or developers.
2. Organizations Making Zero-Rated Supply: These are organizations that make zero-rated supply under GST but do not want to pay IGST upfront.
3. Global Service Providers: This category includes entrepreneurs, IT corporations, and other experts who offer services to international customers.
Legal Darbar gives the best benefits of GST LUT Form:
1. Tax-free exports:
- Businesses may export products and services without paying IGST.
- Removes the requirement for upfront tax payments and future refunds.
2. Improved cash flow:
- There is no restricted capital in tax payments.
- Removes the burden of claiming IGST refunds.
3. Efficient and hassle-free:
- There is no need to go through the bond submission process with a bank guarantee.
- Reduces paperwork and administrative tasks.
4. Cost savings:
- Avoids penalties and interest on IGST payments.
- Reduces the reliance on loans for working capital.
5. Wider Business Opportunities:
- Promotes international trade through improved competitiveness for exports.
- Suitable for exporters, SEZs, and service providers who work with overseas customers. legaldarbar.com
Documents Required for GST LUT Form:
1. Necessary business documents:
- GST registration certificate.
- A PAN card.
2. Approved by Signature Documents:
- PAN and Aadhaar of the Authorized Signatory.
- A digital signature (DSC) or Electronic Verification Code (EVC).
3. Accompanying Documents:
- LUT from previous year.
- The IEC Code (Import Export Code) is required for exporters.
4. Assurance on Company letterhead:
- Assures that the business will observe GST rules.
FAQs for GST LUT Form?
Producers of products or services who want to sell without paying IGST under GST can apply for a Letter of Undertaking (LUT).
Yes, under GST laws, producers must obtain a Letter of Undertaking (LUT) Form GST RFD-11 before supplying goods or services without paying IGST.
- Exporters must
- Be GST registered.
- There is no trial for tax avoidance
- Publish within the allotted time.
- Follow GST rules.
The drawbacks of LUT includes restricted compliance requirements, periodic renewal, the risk of penalties for non-compliance, documentation load, and qualification limits that limit access to specific producers.
Yes, Legal Darbar will help in filing LUT applications and user can view the LUT Application form after filing.
LUT(Letter of Undertaking)
The LUT must have the producers information, GSTIN, financial year, declaration in accordance with GST regulations, approved by signature, and proof information to ensure tax-free exports.
Legal Darbar assists with the GST LUT Form by offering information on qualification, documents, filing methods, compliance requirements, and addressing concerns to guarantee a smooth filing.