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GST LUT Form
The GST Letter of Undertaking (LUT) is a crucial document for businesses involved in exporting goods or services. It allows exporters to avoid paying Integrated Goods and Services Tax (IGST) on exports by providing a commitment to fulfill certain conditions. At STARTUP INDIA, we simplify the GST LUT filing process, ensuring your business remains compliant and benefits from tax exemptions.
What is GST LUT?
The GST LUT is a declaration filed by exporters under GST laws, ensuring that they will comply with all export regulations without paying IGST. It is applicable to:
- Export of goods or services.
- Supply of goods or services to SEZ units or developers.
Benefits of Filing GST LUT
1. Tax Exemption
- Avoid upfront payment of IGST on exports.
2. Improved Cash Flow
- Eliminates the need for claiming refunds, saving time and effort.
3. Compliance
- Ensures adherence to export regulations, building business credibility.
4. Easy to File
- Simplified process when handled by experts like STARTUP INDIA.
Who Can File GST LUT?
Any registered person exporting goods or services without payment of IGST can file a GST LUT, provided:
- They have not been prosecuted for tax evasion exceeding ₹250 lakh.
GSTIN
GST LUT Form for Exporters.