Letter of undertaking (LUT)in Gst .

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Exporters of goods or services can apply for a Letter of Undertaking (LUT) in GST to make zero-rated supplies without paying IGST. To be eligible, you must be a registered taxpayer and not have been prosecuted for tax evasion exceeding Rs. 2.5 Crores. LUTs are valid for one financial year and must be renewed annually. Applications can be submitted online via the GST portal.

binu sukumaran

binu sukumaran (Querist)
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30 August 2023 Sir.
Can get LUT for human recuitment export service. Fund will get from Dubai.job interview and visa process is down in India.
Let's me know last date for submitting LUT for finance year 23-24.
Please advise.

RAJA P M

RAJA P M (Expert)
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31 August 2023 No proscribed last date. You can file between 1st April to 31St March.... If You need then You can apply Today itself...

binu sukumaran

binu sukumaran (Querist)
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31 August 2023 Thanks for your valuable advise.
Sir,
Can we get LUT for human resources export service.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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20 January 2024 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). An exporter furnishing LUT’s is required to furnish fresh LUT for each financial year. If the conditions mentioned in LUT are not satisfied within the time-limit, the privileges are revoked and the exporter will have to furnish bonds.

For all the other assesses (along with the ones who have been prosecuted for tax evasion of Rs. 2.5 Crores or above under the GST laws), bonds should be furnished if the export is being made without payment of IGST. The Letter of undertakings can be furnished and submitted online through the GST portal.

At the same time, the bonds are required to be furnished manually as the hardcopy of the same has to be remitted to the department. Example of transactions for which LUT/Bonds can be used:

Zero-rated supply to SEZ without payment of IGST
Export of goods to a country outside India without payment of IGST
Providing services to a client in a country outside India without payment of IGST

https://cleartax.in/s/gst-export-bond-and-lut

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