LUT

Hi

Yes, you may file LUT for FY 20-21 now and export under LUT without payment of GST.

If you are exporting the goods/ services for a particular financial year after applying for LUT, benefit shall be available and you can export without payment of GST.

If it is expected that you will be having export turnover in FY 21-22, it is advisable to file LUT in March 21 only to avoid any future delays or non-compliance.

Hi

Yes you can export in November without payment of IGST under the coverage of LUT filed in September.

Dear Sir,

Hope you are doing well !!

Yes, he can do that.

He can export in November without payment of IGST under the coverage of LUT filed in September.

Hi

You By opting for the LUT, an you can export goods and services without having to pay taxes. If this option is not opted for, the you will  have to pay tax on  export and later claim a refund on the zero-rated exports

Hello,

Yes, you can export in November without payment of IGST after filing LUT in September.

I hope this answer satisfies your requirements.

Regards,

CA Hunny Badlani

- Yes you can file the LUT now for F.Y. 2020-21.

- It is advisable to apply for LUT in the month of April for each F.Y. 

Yes he can do that. Logically if a person gets registration after September then also he can apply for LUT and export without GST.

The idea is one must have lut before exporting goods.

The August due date was for people already registered and exporting goods.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Yes if you are continuously exporting and already registered it is advisable to file LUT before financial year

Yes, you should file LUT on or before 31st March to avoid litigations.

If you are able to file the LUT then export can be made without payment of IGST. Yes as per law LUT is to be filed by 31st March be for the next FY. But usually system allows it to be filed after that also. So for FY 2021-22 LUT should be filed by 31st Mar 2021. You can export without payment of IGST.

Dear Sir,

As you have got registered under GST in FY 20-21 itself therefore you can file for LUT in September and you can export under LUT anytime after filing LUT .

The last date for filing LUT was for those who already had GST registrations in F.Y.19-20 and they wanted to renew the LUT. 

Thanks & Regards