Lut for exporters of service in GST

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This discussion clarifies whether service exporters can obtain a LUT (Letter of Undertaking) under GST. It addresses a specific scenario where foreign inward remittances were received before the LUT was applied for. The advice given is that a LUT can still be obtained, and the nature of the transaction can be updated as 'export without payment' in GSTR-1, as departmental clarifications suggest that minor delays in LUT filing shouldn't disallow the export status. Applying for the LUT promptly is recommended.

binu sukumaran

binu sukumaran (Querist)
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11 December 2023 Sir.
1.Can get Lut for export of service.
2. Company plan to take LUT now. Foreign inwards remittance get before Lut. In this circumstances can update gstr 1 this transaction as " export with out payment" in table 6 in Gst 1.
Please advise.
Binu

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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11 December 2023 Basically you can take the Benefit of LUT because there is some clarification or circular from department that mere delay in filing of LUT nature of transaction cannot be questioned or disallowed i.e. Export of Service remains Export of Service whether it is W/OP or WP of IGST.

Better you apply LUT on Priority basis

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binu sukumaran

binu sukumaran (Querist)
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11 December 2023 Sir
Thanks for valuable information.

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