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Letter of Undertaking (LUT) For One Financial Year

₹ 800 Original ₹ 1770 (55% off)
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About This Product

A letter of undertaking (LTU) is the documents format of which is being prescribed under form GST RFD 11 under rule 96A. In simple words, LTU is the document by which the taxpayer declares that he shall fulfill all the requirement of the GST with regard to export. 

Features

  • Letter of Undertaking Application
  • Guidance on how to use LUT
  • Acknowledgement of LUT Application
  • Valid for one Financial Year

More About This Product

Information / Documents

The list of the documents to be submitted along with the LUT includes the following:


  • Acceptance cover letter of LUT.


  • A copy of the GST certificate of registration.


  • Form GST RFD 11: Two sets of the original form.


  • Notarized original Annexure of LUT (two sets). Along with these, two witnesses have to be present.


  • Get the verification of the digital signatures done from the Bank Manager.


  • The witnesses have to provide their IDs and PAN cards. All the details provided in the LUT have to be similar to the ID.


  • The PAN card of the individual has to be provided.


  • A proof for the incorporation of the company has to be provided, i.e., the Bond Incorporation certificate. In case of a partnership, the Partnership Deed must be submitted.


  • Self-declaration of eligibility on a letterhead.


  • A summary of all the invoices for export sales. These invoices have to be verified and certified by the Chartered Accountant.


  • Copy of IEC code. 

Frequently Asked Questions

What is the validity of LUT?


  • A LUT is valid for one financial year.


What is the benefit of LUT?


  • If you furnish LUT, then you can export goods and services without payment of IGST.


I want to know more about Letter of Undertaking (LUT) for Exports.


  • According to the Central Goods and Services Tax Rules, 2017 any registered person exporting goods without payment of integrated tax is required to furnish a bond or a Letter of Undertaking (LUT) in FORM GST RFD-11.All GST registered goods and services exporters are eligible to submit LUT except the exporters who have been prosecuted for any offence and the amount of tax evasion exceeds Rs.250 lakhs under the CGST Act or the Integrated Goods and Services Tax Act,2017 or any of the existing laws.