Quick Summary
Goods and Services Tax Network (GSTN) has introduced a new functionality on the GST Portal, enabling taxpayers to submit a Letter of Undertaking (LUT) for the Financial Year 2024-2025. This crucial task must be completed on or before March 31, 2024, or before the commencement of supply for Exports a
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FAQ :
GSTN has enabled a new functionality on the GST Portal for taxpayers to furnish a Letter of Undertaking (LUT) for the Financial Year 2024-2025.
The deadline for submitting the Letter of Undertaking (LUT) for FY 2024-25 is March 31, 2024, or before the commencement of supply for Exports and Special Economic Zones (SEZ).
No, the previous LUT submitted by taxpayers will only remain valid until March 31, 2024.
Taxpayers can submit the LUT by logging into the GST Portal, navigating to Services > User Services > Furnish Letter of Undertaking, selecting the Financial Year 2024-2025, and applying.
Taxpayers involved in Exports and dealings with Special Economic Zones (SEZ) need to submit a Letter of Undertaking.
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