GST LUT Form

GST LUT Form Filing for Exporters by Apexric

Are you an exporter looking for a seamless way to conduct your business operations without paying IGST upfront? Apexric offers expert assistance in filing the GST LUT Form, allowing exporters to carry out their transactions without the burden of Integrated Goods and Services Tax (IGST) at the time of supply.

What is GST LUT?

The GST LUT (Letter of Undertaking) is an essential document for exporters under the GST framework, enabling them to export goods or services without paying IGST. Filing this form simplifies export transactions, ensuring a tax-free export process.

Eligibility for GST LUT

To qualify for the GST LUT, exporters must meet the following criteria:

• GST Registration: Must be a registered taxpayer under GST.
• Intent to Export: Exporting goods or services to foreign countries or SEZs.
• No Serious Offenses: Not prosecuted for tax evasion exceeding ₹250 lakh.

Documents Required for GST LUT Filing

• LUT Cover Letter
• Copy of GST Registration
• PAN Card of Entity
• KYC of Authorized Person
• GST RFD-11 Form
• Copy of IEC Code (for exports)
• Canceled Cheque
• Authorized Signatory Letter

Benefits of GST LUT for Exporters

• Tax-Free Export: Export goods and services without paying IGST.
• Simplified Process: Avoid complex refund claims and tax follow-ups.
• Unblocked Capital: Retain working capital by not paying taxes upfront.
• Efficiency: Valid for a full financial year, reducing repetitive filings.