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Letter of undertaking

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gopal

Student & Accountant

123 Points Posted on 09 April 2020

Due to some unexplainable reasons I forgot to apply LUT and made the export (Services) without payment of IGST for 2019-20. This issue came to my knowledge while applying LUT for 2020-21. Moreover, I applied LUT for 2018-19 twice. Please guide me for the above-mentioned issues.

Replies (8)

Quick Summary

This discussion addresses a user's oversight in applying for a Letter of Undertaking (LUT) for GST exports in the 2019-20 financial year, leading to unapplied IGST. The consensus is that LUT cannot be applied retrospectively. The recommended course of action is to pay the outstanding IGST along with interest and then apply for a refund of the tax amount. While the interest may not be refunded, contacting a local GST officer for potential assistance is also suggested.

mvramana

Student

290 Points Posted on 09 April 2020

IGST along with interest is to be paid and apply for refund.
you will be refunded only tax amount but not interest amount.

RAJA P M

"Do the Right Thing...!!!"

128157 Points Posted on 09 April 2020

Yes... I agreed to Mr mvramana.,

@ Mr Gopal.,

LUT cant be accepted back dated. So, pay the IGST with interest for the supplies made in FY 19-20 and Also apply for refund...