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LUT filed late

JITENDRA SINGHVI (SELF EMPLYOED) (211 Points)

26 May 2020

I have filed lut for 2020-21 today...Whether it is valid for April month's export

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7 Replies

CA Raj Doshi (Practising CA) (8944 Points)
Replied 26 May 2020

Notification No. 37/2017-Central Tax, dated 04.10.2017, requires LUT to be furnished for a financial year. However, in terms of notification No. 35/2020-Central Tax dated 03.04.2020, where the requirement under the GST Law for furnishing of any report, document, return, statement or such other record falls during between the period from 20.03.2020 to 29.06.2020, has been extended till 30.06.2020.

Therefore, in terms of Notification No. 35/2020-Central Tax, time limit for filing of LUT for the year 2020-21 shall stand extended to 30.06.2020 and the taxpayer can continue to make the supply without payment of tax under LUT provided that the FORM GST RFD-11 for 2020-21 is furnished on or before 30.06.2020. Taxpayers may quote the reference no of the LUT for the year 2019-20 in the relevant documents.

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Shivam RC (Student) (23683 Points)
Replied 26 May 2020

Agree with Raj Sir...

The time limit for filing LUT for FY 2020-21 was extended to 30.06.2020 via Notification No. 35/2020 - Central Tax, dated 03.04.2020. Hence it will be valid for April month's Export.

2 Like

CA Raj Doshi (Practising CA) (8944 Points)
Replied 26 May 2020

Provided you have filed the shipping bill for april invoice with LUT no. for FY 2019-20

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 26 May 2020

As per Circular 137/07/2020 GST ,s.no.4 , the LUT for Fy 2021 can be furnished on or before 30/6/2020.

Pushkaraj Prashant Nandedkar (Articled Assistant) (206 Points)
Replied 02 June 2020

If a person starts business after 30.06.2020 or any date after validity of filling LUT and registers under GST after the above mentioned date, will he be allowed to file LUT ?