example. xzy company sell products to sez for the month feb 2022. xyz company till any other LUT made
now xyz Company make lut feb 2022 month ... its correct or not ?
Replies (2)
Quick Summary
A Letter of Undertaking (LUT) can be applied for at any time during the financial year, not just at the beginning. It's advisable to submit your application before any relevant transactions occur. Once approved, the LUT remains valid for the entire financial year.