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GST letter Of Undertaking

"Start Your Export Business Globally with GST LUT Filing through Our Expert Taxation Team at vyapar Registration | Fast Approval Process"

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GST letter Of Undertaking Registration

"Are you an exporter aiming to simplify your business processes? The GST LUT (Letter of Undertaking) is a vital document that allows you to export goods and services without paying Integrated Goods and Services Tax (IGST) at the time of supply. Vyapaar RegistrationTM is here to help you navigate the process of filing the GST LUT with ease.
The GST LUT is a mandatory requirement for all registered exporters. By submitting the form GST RFD-11 on the GST portal, you can ensure that your exports are free from upfront tax payments, streamlining your operations and improving cash flow. Our team will guide you through the complete filing process, ensuring you meet all GST compliance requirements with minimal effort."

Eligibility Criteria GST letter Of Undertaking

"To be eligible for the GST LUT (Letter of Undertaking), the following criteria must be met:

Only registered taxpayers who are involved in the export of goods or services can apply. Those under prosecution for tax evasion exceeding Rs. 250 lakh are not eligible.

The applicant must intend to supply goods or services either within India, to international markets, or to Special Economic Zones (SEZs).

The business must be registered under the GST system to qualify for the LUT.

The applicant must intend to export goods or services without paying the integrated tax (IGST) at the time of supply.”

Advantages of GST letter Of Undertaking

With an LUT, exporters can conduct their transactions without paying tax upfront, unlike the alternative where taxes are paid first and refunded later.

The LUT helps exporters avoid complicated refund procedures, saving valuable time and reducing administrative burden.

Exporters can keep their working capital free from tax payments, which is especially helpful for small businesses and those facing cash flow challenges.

Once filed, the LUT remains valid for the entire financial year, reducing the need for repeated filings and allowing exporters to focus on their business.

Documents for GST letter Of Undertaking

Required Documents Description
LUT Cover Letter A request letter signed by an authorized person.
Eligibility Proof Ensure no serious tax evasion issues.
GST Registration Copy Proof of your GST registration.
PAN Card of Entity A copy of the business's PAN card.
KYC of Authorized Person ID and address proof of the authorized person.
GST RFD-11 Form Application form for filing the LUT.
IEC Code Copy If you're involved in export activities.
Canceled Cheque From the bank account linked to your business.
Authorized Letter Authorizing the person filing the LUT.
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GST letter Of Undertaking

Steps

01

Fill Out the GST LUT Application Form (GST RFD-11)

02

Submit Required Documents to Us (e.g., GST Registration, PAN, IEC, etc.)

03

Our Expert Will Verify Your Eligibility and Documents

04

Prepare and File the LUT Form on the GST Portal

05

Receive the GST LUT Approval

06

Congratulations! Your Export Business is Ready to Operate Without IGST Payment.

FAQ

After submitting your GST LUT, it will be processed by the tax authorities. If approved, you can start exporting goods and services without having to pay IGST upfront. You'll receive confirmation once your LUT is approved.

Your GST LUT is valid for the entire financial year. You will not need to renew it until the next year unless any conditions change.

If you are facing any serious tax evasion cases or penalties exceeding Rs. 250 lakh, you will not be eligible to file an LUT. It's best to resolve these issues first before applying.

Yes! Once your LUT is approved, it can be used for multiple export transactions throughout the financial year, simplifying the process for your business.

If your GST LUT application is rejected, we will help you identify the reasons and assist in resolving them. Once corrected, we can resubmit the application for approval.

You will only need to fill out the GST RFD-11 form for LUT filing. We will help ensure that it is correctly filled out and submitted on your behalf.

Yes, the GST LUT needs to be renewed annually, as it is valid only for the financial year in which it was approved. You can reapply at the beginning of each financial year.

Once your GST LUT is approved, you will receive an official confirmation from the GST portal. We will notify you as soon as it's approved.

If you need to make any changes to your LUT after it's filed, we can help you with the process of making corrections or filing a fresh application, depending on the situation.

No, the GST LUT only applies to export transactions. For imports, you may need to follow a different process.

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