India is well integrated into the web of international business transactions. GST being a business tax impact both import and export. For the purpose of making exports more competitive one of the fundamental principle is that taxes should not be exported. The Letter of Undertaking (LUT) is filed under GST (Goods and Services Tax) in India to provide a facility for registered taxpayers to make supplies without paying taxes on exports or supplies to a Special Economic Zone (SEZ) or supplies of goods or services to a merchant exporter.
Letter Of Undertaking in GST
A LUT is a document that is furnished by a GST-registered person who is eligible to make supplies of goods or services for export without payment of GST. The LUT is a declaration made by the taxpayer to the tax authorities, stating that they will fulfil their obligations as an exporter and follow all the relevant rules and regulations related to exports under GST. Form GST RFD-11 is to be filed for LUT.
Documents Required to File LUT under GST
The list of documents required for filing of LUT under GST are:
- Details of two witnesses along with there address and occupation
- LUT filed if any in previous years
How to File Letter of Undertaking?
- Login to GST Portal
- Go to ‘SERVICES’ Tab > ‘User Services’ > Select ‘Furnish Letter of Undertaking(LUT)
- Select the financial year for which Letter of Undertaking is applied for from the ‘LUT Applied for Financial Year’ drop-down list.
- Upload the previously filed LUT
Note: Only PDF or JPEG file formats are allowed and Maximum file size for upload is 2 MB
- Fill up the necessary details on the Letter of Undertaking Form
a) Self Declaration
b) Details of Independent Witnesses - Enter the Place of filing > Click on ‘SAVE’ > click on ‘PREVIEW’ to verify the correctness of the form and Submit
- Sign and file the form
The application can be signed with the registered digital signature certificate or by EVC.
FAQs
No, The revision of LUT is not allowed after submission.
Primary authorized signatory/Any other Authorized Signatory needs to sign and file the verification with DSC/EVC.
If the LUT application is not processed by Tax Official, or any notice for clarification is not issued by the Tax Official within 3 working days, then the application will be deemed approved.
I will filed RFD-11 on 30.06.2023
But no action to taken by tax official
And also not received any order for approval
In view additional notices/orders option yet.