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letter of undertaking

07 October 2018

If i sale to sez supplier i want to know how i made lut and i also want to know i am show gst in invoive or not if yes in this case tax is examted or not.

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10 Replies

VIPIN KUMAR (PROPRIETOR) (57 Points)
Replied 07 October 2018

after taking lut from portal you have to charge 0 rated tax on supply

pandya saurabh harshadBhai (student) (48 Points)
Replied 07 October 2018

No Gst is to be levied on the said supply and the same is exempted supply

1 Like

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 07 October 2018

As per Rule 46 : Raise the Tax Invoice , Mention "SUPPLY MEANT FOR EXPORT UNDER LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX"
(Do not charge GST )

For LUT :
Step 1: Login to GST Portal
Step 2: Go to ‘SERVICES’ Tab > ‘User Services’ > Select ‘Furnish Letter of Undertaking(LUT)

1 Like

subhagan sreerangam (7039 Points)
Replied 08 October 2018

Good illustration with clarification likes it

Jamal Uddin Siddiqui (350 Points)
Replied 08 October 2018

0% gst when apply against bound or with out bound

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 08 October 2018

its with bound............................

Jamal Uddin Siddiqui (350 Points)
Replied 09 October 2018

when i made invoce can i want bound from buyer or not

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 09 October 2018

DEAR JAMAL JI

BOND/LUT IS TO BE SUBMITED BY YOU AS YOU ARE MAKING SALE AGAINST THE BOND/LUT & NOT CHARGING IGST

AS ONCE THE BOND/LUT IS FILED THE SELLER HAS NO NEED TO CHARGE IGST ON EXPORT SALE . FOR MORE DETAIL EXPLATION ON LUT KINDLY REFER CIRCULAR 40/14/2018-GST, DT.06/04/2018

SO PLZ FILE LUT ONLINE ON PORTAL

Satish Kavitake (389 Points)
Replied 11 December 2018

whether I can start such Sales once I get ARN no of LUT furnished or shall I have to wait till I get approval from government..

Pankaj Rawat (GST Practitioner) (55037 Points)
Replied 14 December 2018

Yes you can start.... as soon as the ARN generated against LUT filed As per Circular 40/14/2018 “c) Form for LUT: The registered person (exporters) shall fill and submit FORM GST RFD-11 on the common portal. An LUT shall be deemed to be accepted as soon as an acknowledgement for the same, bearing the Application Reference Number (ARN), is generated online. d) Documents for LUT: No document needs to be physically submitted to the jurisdictional office for acceptance of LUT.

1 Like