Application of LUT
This query is : Resolved
06 April 2020
Dear Experts ,
My query is regarding LUT (Letter of Undertaking) Validity or expiry, I wanted to know that when will be expiry of LUT if applied for FY 2020-21 on dated 20th March 2020 (i.e in FY 2019-20), or else company need to apply fresh LUT for FY 2020-21 if it's get expire on 31st March 2020.
Please help me know that.
My query is regarding LUT (Letter of Undertaking) Validity or expiry, I wanted to know that when will be expiry of LUT if applied for FY 2020-21 on dated 20th March 2020 (i.e in FY 2019-20), or else company need to apply fresh LUT for FY 2020-21 if it's get expire on 31st March 2020.
Please help me know that.
06 April 2020
Company need to apply fresh LUT for FY 2020-21 it's get expire on 31st March 2020.
06 April 2020
Revised reply it will expire on 31st March 2021.
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07 April 2020
FY 19-20 LUT expired on 31st Mar-20. Company will be apply new LUT for FY 20-21. FY 20-21 LUT expire on 31st Mar-21...
File new LUT for FY 20-21...
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11 April 2020
As per notification 16/2017-CT the LUT is to be applied for a financial year. The LUT submitted by you for FY 2020-21 shall be valid upto 31/03/2021 despite the fact that it is submitted on 20/03/2020
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