GST LUT Filing

A Letter of Undertaking (LUT) in GST is a declaration made by a registered taxpayer tothe tax authorities, assuring that they will comply with specific tax obligations, primarily related to exports and supplies to SEZs.

Why is LUT Required?

• Zero-Rated Supplies: Exporters of goods and services can claim a refund of the IGST paid on inputs used in the manufacture of export goods or services. By filing an LUT, exporters can claim this refund without actually paying the IGST upfront.
• Supplies to SEZs: Suppliers of goods or services to SEZs can also avail of the benefit of zero-rating by filing an LUT.

How to File a GST LUT

1. Log in to the GST Portal:
   • Access the GST portal using your login credentials.
2. Navigate to the LUT Filing Section:
   • Go to "Services" > "User Services" > "Furnish Letter of Undertaking (LUT)."
3. Select the Financial Year:
   • Choose the financial year for which you want to file the LUT.
4. Fill in the Details:
   • Provide the required information, such as the names and addresses of two independent witnesses.
5. Sign and Submit:
   • Digitally sign the LUT using your DSC or EVC and submit it.

Important Considerations:

• Timely Filing: Ensure timely filing of the LUT to avoid penalties and interest.
• Compliance with Terms and Conditions: Adhere to the terms and conditions of the LUT to avoid revocation.
• Record Keeping: Maintain proper records of exports and supplies to SEZs to substantiate the claims made in the LUT.
• Regular Review: Review the LUT regularly to ensure compliance with the latest GST rules and regulations.

Note: The specific requirements and procedures for filing a GST LUT may vary. It is advisable to consult with a tax professional or refer to the official GST portal for the most accurate and up-to-date information.