GST LUT
Form
Are you an exporter of goods or services, looking for a GST LUT Form (Letter of Undertaking)? Get help from professionals like Corpbiz for hassle-free, tax-free exports. With a valid LUT, you can supply goods or services internationally without paying Integrated GST (IGST) at the time of export.
Preparation of LUT Application
Filing of LUT on GST Portal
LUT Acknowledgement (FY-Wise)
- Compliance Reminder Alerts
- GST RFD-11 Form
- GST LUT Filing
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GST LUT Form - An Overview
Do you want to make your export business hassle-free? A GST LUT Form (Letter of Undertaking) allows you to carry out export transactions without paying Integrated Goods and Services Tax (IGST) at the time of supply. By obtaining this document, exporters can focus on their core business operations without worrying about tax-related obstacles, making the export process more seamless and efficient.
The GST LUT Form is a crucial requirement for businesses engaged in international trade, helping them maintain steady cash flow and avoid unnecessary tax payments upfront. Generally, the LUT is valid for one financial year and must be renewed at the beginning of each new financial year to continue enjoying these benefits.
The process for filing the GST LUT Form is entirely online, making it accessible to all eligible exporters across India. At Corpbiz, our team of seasoned professionals provides end-to-end assistance to ensure a smooth, error-free process for obtaining your GST LUT Form and other GST-related services.
What is GST LUT Form?
A GST LUT form is a powerful tool for exporters, enabling them to conduct hassle-free transactions without paying Integrated Goods and Services Tax (IGST) at the time of supply. Typically, it allows exporters to engage in the export of goods or services without the obligation of immediate tax payment.
It is mandatory for all the registered taxpayers engaged in the export of goods or services to provide a Letter of Undertaking (LUT) using the GST RFD-11 form on the GST portal. Typically, it is used to facilitate the export of goods and services without the burden of paying Integrated GST (IGST) upfront. It helps exporters to avoid the liquidity crunch that might arise from paying taxes first and then waiting for refunds. It also helps taxpayers to reduce the administrative burden associated with claiming refunds, thereby saving time and resources.
Advantages of Filing GST LUT Form
The list of advantages of filing GST LUT form is as follows:
Tax-Free Export
By obtaining a GST LUT Form, exporters can carry out their export transactions without paying tax upfront. Without an LUT, exporters must pay taxes initially and later claim refunds for zero-rated exports, which can delay the process.
Simplified Process
With an LUT Certificate, exporters can avoid the complex procedures of claiming tax refunds and following up with tax authorities. This simplifies compliance and saves significant time and effort.
Unblocked Working Capital
The LUT Certificate helps exporters keep their working capital free, instead of locking funds in tax payments. This is especially beneficial for small and medium-sized enterprises (SMEs) that often face cash flow challenges.
Liberated Resources
Once obtained, the LUT remains valid for the entire financial year. Regular exporters no longer need to file repeated applications, allowing them to focus on core business activities without administrative interruptions.
Competitive pricings
Exporters with LUT certificates can offer more competitive pricing in the international markets since they are no longer burdened by the upfront tax cost. It is one of the benefits of filing GST LUT Form.
Time-Saving
It also eliminated the traditional requirement for seeking tax refunds, thus saving considerable time and administrative effort.
Eligibility Criteria for GST LUT Registration
The eligibility criteria for GST LUT registration are as follows:
Any registered taxpayer engaged in the business of exporting goods or services.
Individuals facing prosecution for tax evasion exceeding Rs. 250 lakh or more are ineligible for LUT registration.
The applicant should have an intention to supply goods or services within India, or foreign countries or to Special Economic Zones (SEZs).
The GST LUT form registration is required for those entities that desire to supply goods without the imposition of integrated tax.
The exporter should not have been prosecuted for any offence under GST laws.
There should be any pending GST dues or previous defaults of the exporter.
There is no requirement for a minimum turnover limit to file the GST LUT form registration.
All types of goods or services can be exported under the LUT.
Exporters must have sound financial standing to fulfil their export obligations.
Documents Needed for GST LUT Registration
A copy of the GST registration
Identity card and address proof of an authorized personForm A for Declaration for basic registration declaration.A GST RFD 11 formDetailed Layout Plan with premise details (state registration).A copy of the IEC codeA cancelled cheque from the associated bank accountAuthorized letter
Procedure for Filing GST LUT Form
The step-by-step procedure for filing GST LUT form is as follows:
Points to Note for GST LUT Registration
Some of the important points to keep in mind for GST LUT Registration are as follows:
The validity period of GST LUT is for a year, starting from the submission date.
The GST LUT form application is accepted by the concerned officer on various conditions. Failure to fulfil certain specific conditions might lead to privilege revocation. In such cases, the entity may need to provide a bond.
Entities ineligible for LUT registration can furnish a bond on non-judicial stamp paper, along with a bank guarantee. However, this bond should cover the expected tax liability expected by the exporter.
The GST LUT registration must be submitted on the registered entity’s letterhead, whose intention is to supply goods or services without integrated tax payment.
The application for the LUT form must be applied through the official GST RFD-11 form. Meanwhile, this form can be submitted by authorized personnel like the MD, company secretary or partners in a firm.
It also offers flexibility in filing the form either by a partner in a partnership firm or the proprietor.
The bank guarantee should not be more than 15% of the bond amount. However, the GST commissioner can waive this requirement.
Reason to Trust Rajtax for GST LUT Form Filing
Filing a GST LUT Form (Letter of Undertaking) correctly is essential for exporting goods or services without paying IGST. Corpbiz ensures a smooth, compliant, and reliable process so your exports remain tax-free and uninterrupted. Here’s why businesses trust Corpbiz for GST LUT Form Services:
Over a Decade of GST Expertise
With 10+ years of experience, we understand the complexities of GST law and handle your LUT filings efficiently.
Expert Handling of GST LUT Filings
Our experienced professionals ensure your LUT is prepared, verified, and filed with complete accuracy.
End-to-End Documentation Support
We manage all necessary paperwork and legal formalities, reducing the risk of rejection or errors.
Quick & Hassle-Free Process
Timely filing, regular follow-ups, and close coordination with GST officials for faster approval.
Notice & Scrutiny Response Assistance
Received a show cause or scrutiny notice related to your LUT? Our legal experts draft strong, compliant responses to protect your business.
LUT Renewal & Amendment Services
We take care of renewals and any changes needed in your existing LUT to ensure continuous export benefits.
Ongoing Compliance Guidance
Our team provides post-approval support to keep your business compliant and avoid future legal hurdles.
FAQS on GST LUT Registration
Have a look at the answers to the most asked questions about FSSAI Registration.