LUT Application Under GST

What is the LUT Application Under GST?

A Letter of Undertaking (LUT) under GST is a declaration filed by exporters to export goods or services without paying Integrated GST (IGST). It allows businesses to make tax-free exports while claiming refunds on input tax credit. LUT is mandatory for exporters who wish to avoid the cumbersome process of paying IGST and later claiming a refund.

Are you an exporter looking to streamline your tax process? Filing an LUT can significantly improve your cash flow and simplify compliance.

How Do We Assist with the LUT Application?

We at ASCESA simplify the LUT application process with our expert team who understands GST regulations and export requirements. Here’s how we do it:

Eligibility Check

We assess your business’s eligibility for LUT filing, ensuring you meet all the necessary conditions for tax-free exports.

Document Verification

Our team verifies all required documents to ensure accuracy and completeness.

Form Preparation and Filing

We fill out the LUT form on the GST portal, ensuring all details are accurate to minimize rejections.

Submission and Approval

We apply and follow up with the GST authorities to secure quick approval.

Annual Renewal and Compliance

LUTs are valid for one financial year. We remind you of renewal dates and help maintain compliance throughout the year.

Benefits of LUT Application Under GST

Tax-Free Exports

Export goods and services without paying IGST, enhancing cash flow and operational efficiency.

Quick Refunds

Simplifies the input tax credit refund process, ensuring faster fund recovery.

Improved Liquidity

Avoiding upfront IGST payments helps maintain better liquidity.

Ease of Compliance

LUT filing is a straightforward process compared to claiming IGST refunds.

Cost Savings

By avoiding IGST payments, businesses can save on transaction costs and interest expenses.

Documents Required for LUT Application

Are you wondering what documents are required for an LUT application under GST? Here’s the list:

GST Registration Certificate of the business.
PAN Card of the business or applicant.
Authorized Signatory’s Identity Proof (Aadhaar Card, Passport, Driving License, or Voter ID).
Business Address Proof (Rent Agreement, Electricity Bill, or NOC).
Export Invoices or Proof of Past Export Transactions (if applicable).
Digital Signature Certificate (DSC) for submission on the GST portal.

Why Choose ASCESA?

Expert Guidance to ensure a smooth filing process.
Accurate Documentation for hassle-free approval.
Timely Submission with follow-ups for quick processing.
Cost-effective solutions tailored to your export needs.
Customer Support for annual renewals and compliance queries.