The Letter of Undertaking (LUT) is prescribed to be furnished in form GST RFD 11 under rule 96A, whereby the exporter declares that he/she would fulfil all the requirements prescribed under GST while exporting without making IGST payment. Know more about exports under GST.
To view the submitted Letter of Undertaking (LUT) at the GST Portal, perform the following steps:
- Access the GST Portal at URL.
- Login to the GST Portal with valid credentials.
- Click the Services > User Services > View My Submitted LUTs command.
GST LUT or Letter of Undertaking can be filed by exporters using Form GST RFD 11 to enable exports from India without making IGST payment. GST registered persons not eligible to file under GST LUT can undertake exports by furnishing export bond. IndiaFilings can help you with GST LUT filing or furnishing export bond.
Letter of Undertaking. A letter of undertaking is an assurance by one party to another party that they will fulfill the obligation that had been previously agreed on, but not written into a contract. Undertaking letters are used in many other scenarios as a formal way to state one's intentions.
Any registered taxpayer exporting goods or services can make use of LUTs. However, any person who has been prosecuted for tax evasion for an amount of Rs. 2.5 Crores or above under the act is not eligible to furnish LUTs.
Filing GSTR-1
- Step 1: Login and Click on Return Dashboard.
- Step 2: Click on GSTR1 Return Prepare online button under details of outward supplies of goods or services.
- Step 3: Click on 6A- Export Invoices.
- Step 4: Fill Details of Export Invoices.
- Step 5: Fill the Export Invoice Details.
GST LUT or Export Bond Filing. Letter of Undertaking is commonly known as LUT. The Letter of Undertaking (LUT) is prescribed to be furnished in form GST RFD 11 under rule 96A, whereby the exporter declares that he/she would fulfil all the requirements prescribed under GST while exporting without making IGST payment.
FORM GST RFD-11. Furnishing of bond or Letter of Undertaking for export of goods or services. l.GSTIN.
FORM GST RFD-11. Furnishing of bond or Letter of Undertaking for export of goods or services.
Step by step Procedure for Renewal of Letter of Understanding
- Login to the GST portal, select Tab Service and go to User Services then, select “Furnishing Letter of Undertaking”
- Select the Financial year 2019-2020 for which you want to renew the LUT.
On submission of the LUT Online, an Application Reference Number (ARN) would be generated.
Any registered taxpayer exporting goods or services can make use of LUTs. However, any person who has been prosecuted for tax evasion for an amount of Rs. 2.5 Crores or above under the act is not eligible to furnish LUTs. The validity of such LUT's is for a period of one year (till the end of financial year).
The LUT Bond is an acronym for the Letter of Undertaking which is a document filed by an exporter to get relief from payment of IGST on exports. The government has provided the option of filing LUT for exporters to do exports without payment of IGST in order to boost the exports.
The LUT is a document that enables a customer to raise funds as a bank guarantee. It is a kind of a bond issued by Central Government which an assessee undertakes in case of export.
