Online GST Letter of Undertaking(LUT) Filing in India, Date [2022] - Onfiling

    GST LUT Filings

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    LUT refers to the Letter of Undertaking and this is a document which is filed by the exporters to export goods or services without having to pay taxes. Under the new GST regime, all exports are subject to IGST, which can later be reclaimed via a refund against the tax paid.

    An LUT spares exporters' effort of pursuing a refund and eliminates the blocking of funds by way of tax payments. Its filing can be done online, making it super-easy and quick. Under CGST Rules, 2017, any registered person can furnish a bond or LUT in form GST RFD 11 and export goods without the payment of integrated tax. Connect with Onfiling to file your GST LUT.

    Steps to Start

    Let's Complete The Process in 4 Simple Steps

    1

    Connect

    Connect with Onfiling Experts by filling up the query form as per your services requirements, our team will contact and explain you the complete process of required service in simple terms.

    2

    Submit

    As per the discussion with Experts you can submit the documents through email to the concerned person with 50% professional fees and the complete government fees for the services.

    3

    Draft

    Once your documents are submitted, our team will draft the required forms as per the documents shared and will send you back for the final review before submitting to authorities.

    4

    Complete

    Once you give confirmation our team will file the documents and give you acknowledgement. Once application is approved by authorities you will get the required certifications without any hassle.

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    FAQs

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    In case the LUT application is not processed by within 3 working days, then the application will be deemed approved and the status of LUT application will be changed to “Deemed Approved”. When the application would be deemed approved after 3 working days, then an order copy will be generated through the GST Portal and order will be available for the taxpayer in the downloadable form. Alert will be sent to Tax Official on deemed approval along with intimation to the taxpayer.

    While performing foreign exchange service like currency exchange, money transfer abroad or buying a forex card, through a money changer or bank in India, the only tax to be paid is Goods & Services Tax (GST). 18% GST will be levied on the portion of the forex transaction which comes under “taxable value” bracket.

    The supplier can use input tax credit against any other domestic supplies. Further, on the top of the taxable invoice it should clearly be mentioned that 'SUPPLY MEANT FOR SEZ/SEZ DEVELOPER UNDER LUT WITHOUT PAYMENT OF INTEGRATED TAX'. LUT is prescribed to be furnished in form GST RFD 11.

    Kindly go through above mentioned process for filing of LUT.

    LUT is presented in the annexure to form GST RFD-11 and can be issued by the partner, MD, Company Secretary or by the person duly signed by the company or the proprietor.

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