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Export of service
Do I have to submit LUT if my turnover is below 20 lakhs?
Replies (3)
Quick Summary
Who can use Letter of Undertaking (LUT) and Bonds for exports. 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.
Yes you have to furnish LUT
Yes you have to furnish
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