Eport of goods

If we are exporting goods With payment of tax and later get a refund should I need to file a LUT for the financial year and is there any notification regarding this
Replies (1)

When exporting goods with payment of tax and later claiming a refund, you don't necessarily need to file a Letter of Undertaking (LUT) for the financial year.

According to GST regulations, LUT is required when exporting goods or services without paying Integrated Goods and Services Tax (IGST).¹

However, if you're exporting goods with payment of tax, you can claim a refund of the IGST paid on exports. In this case, you wouldn't need to file a LUT.

Instead, you would need to file a refund application in Form GST RFD-01, and the shipping bill filed by you would be considered as a refund claim.

 It's essential to note that the GST Council or CBIC may issue notifications or circulars that provide further clarification or guidance on this matter.

 To stay updated, you can check the official GST website or consult with a qualified tax professional.

 In summary, if you're exporting goods with payment of tax and claiming a refund, you don't need to file a LUT.

However, it's crucial to follow the proper procedures for claiming a refund and stay informed about any updates or notifications issued by the GST authorities.

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