LUT for Export of Service

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A newly established tech startup, operating as a sole proprietor, is planning to export software services and generate an annual turnover of 20-30 lakhs. They are inquiring about their eligibility to apply for a Letter of Undertaking (LUT) under GST. The discussion also covers the required stamp paper value for the LUT application, with a suggestion that Rs. 100/- may be sufficient, and confirms that the application can be submitted online through the GST portal.

Rahul

Rahul (Querist)
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28 April 2020 A newly incorporated tech startup (Sole Proprietor) plans to export software from coming month i.e, May-2020. Export turnover might be around 20-30 lakhs p.a.

So can it apply for LUT under gst ?

Also, what is the value of stamp paper that needs to be taken for furnishing LUT ? Is Rs. 100 sufficient ?

Please guide me. Thank you.