Export Under LUT and with payment of IGST

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It is indeed possible to export goods under both a Letter of Undertaking (LUT) without paying IGST, and also to export with IGST payment, within the same financial year. The GST law does not impose any restrictions on this. However, it's crucial to follow the correct procedures for each type of export to ensure compliance. Additionally, if you need to claim IGST refunds, you can update your bank account details on ICEGATE.

CA Anand hurgat

CA Anand hurgat (Querist)
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11 April 2023 I have applied for LUT for FY 2023-24, now i want to export under both terms, like few export under LUT without payment of IGST and also few exports with payment of IGST.

Is it possible to do the same?

Guest

Guest (Expert)

11 April 2023 Yes it is possible. There is no restriction provided in the GST law.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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12 April 2023 Yes, it is possible to export under both terms, i.e., under Letter of Undertaking (LUT) without payment of Integrated Goods and Services Tax (IGST) and under payment of IGST. However, the procedure for each type of export is different, and you need to ensure that you follow the correct procedure to avoid any issues with compliance.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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13 April 2023 Yes, it is possible.

CA Anand hurgat

CA Anand hurgat (Querist)
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15 April 2023 Thank You Experts for your reply,
May i know one more thing, how to update my Bank Account details in Customs for claiming refund of IGST from ICEGATE.

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