The GST Portal has now enabled the functionality to file the Letter of Undertaking (LUT) for the Financial Year 2025-26. Exporters and suppliers to Special Economic Zones (SEZ) must renew their LUT annually, as the existing LUT for FY 2024-25 will expire on March 31, 2025.
Why Filing LUT is Crucial
A valid LUT allows businesses to export goods or services and supply to SEZs without the payment of Integrated Goods and Services Tax (IGST). Without an LUT, taxpayers must either:
- Pay IGST upfront and claim a refund later using Input Tax Credit (ITC) or cash.
- Furnish an export bond, which adds to compliance efforts.
Steps to File LUT for FY 2025-26
- Log In to GST Portal
- Go to GST Portal and log in with your credentials.
- Navigate to LUT Filing Section
- Click on Dashboard > Services > User Services > Furnish Letter of Undertaking.
- Select Financial Year
- Choose FY 2025-26 for filing the LUT.
- Attach Required Documents
- Upload the LUT for FY 2024-25 and fill in the required details.
- Submit the Application
- Complete the declaration checkboxes and submit your LUT application.
Upon submission, the portal generates an Application Reference Number (ARN), which serves as the LUT number. This ARN must be included on invoices for all exports and SEZ supplies made without IGST payment.
Key Reminder for Taxpayers
File your LUT for FY 2025-26 without delay to ensure compliance and avoid unnecessary IGST liabilities on exports or SEZ transactions. Early filing guarantees uninterrupted business operations and simplifies the export process.
Stay updated with GST compliance to keep your business running smoothly. For further assistance, refer to the GST Helpdesk or the user manual available on the GST Portal.
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