GST LUT Form
GST LUT (Letter of Undertaking) Form is filed by exporters to supply goods or services without payment of IGST. It allows eligible taxpayers to export without tax payment by submitting Form GST RFD-11 on the GST portal annually, ensuring smoother and tax-free international trade.
Filing of LUT in GST for Exporters by Easy My Tax
Are you an exporter looking to simplify your business operations? The GST LUT Form is an essential document that enables you to conduct your export transactions without paying Integrated Goods and Services Tax (IGST) at the time of supply. Easy My Tax helps you file your GST LUT quickly and efficiently, making your export process hassle-free.
What is LUT in GST? Explained by Easy My Tax
LUT or Letter of Undertaking is a vital GST document allowing exporters to ship goods or services without immediate IGST payment. Easy My Tax simplifies understanding and applying for this important certificate.
GST LUT Form for Exporters by Easy My Tax
All exporters registered under GST must submit the LUT using Form GST RFD-11 on the GST portal. Easy My Tax supports you in filing this form correctly to avoid IGST payments at the time of export.
Eligibility Criteria for LUT Registration by Easy My Tax
To be eligible for LUT through Easy My Tax, you must:
- Be a registered GST taxpayer exporting goods or services.
- Not be under prosecution for tax evasion over Rs. 2.5 crore.
- Intend to supply goods/services within India, abroad, or to SEZs.
- Have valid GST registration.
Exploring the LUT Bond by Easy My Tax
An LUT is valid for one year and must be renewed annually. If conditions are unmet, Easy My Tax helps you with bond submission as an alternative for continued export benefits without IGST.
Documents Required for LUT under GST by Easy My Tax
Documents you’ll need for LUT filing with Easy My Tax include:
- LUT Cover Letter
- GST Registration Certificate
- PAN Card
- KYC of Authorized Signatory
- GST RFD-11 Application Form
- IEC Code Copy (if applicable)
- Cancelled Cheque
- Authorization Letter for signatory
Advantages of Filing LUT for Exporters by Easy My Tax
Filing LUT with Easy My Tax offers benefits such as:
- Export without upfront IGST payment
- Simplified filing and less follow-up with tax authorities
- Improved working capital by avoiding tax blockage
- Validity for an entire financial year reducing repetitive filing
