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Issues Related to Furnishing Letter of Undertaking for Exports - GST


Eligibility to Export Under LUT:

  • All registered persons who intend to supply goods or services for export without payment of Integrated Tax (IGST) should apply.
  • He should not be prosecuted for any offense under GST act or any of the existing law for an amount exceeding two hundred and fifty lakh rupees

Validity:

  • valid for the whole financial year in which it is tendered.
  • In case goods not exported within the time frame and fails to pay the tax amount then the LUT is deemed to be withdrawn.

Form for LUT:

  • Form GST RFD 11 available for download in CBEC website untill the time its made available in common portal of GST.

Documents for LUT:

  • Self declaration to the effect that the conditions of LUT have been fulfilled shall be accepted unless there is specific information otherwise.

Time of Acceptance of LUT:

  • Should be accepted within a period of three days.
  • if not accepted with in a period of three working days from the date of submission, it shall deemed to be accepted.

Article By

CA.R.Jeyarajan FCA.,
Tuticorin

Mobile: 9943362200
Mail: ca.rjr@hotmail.com

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Location: Thoothukudi, Tamil Nadu, India

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