Hi
You can opt for LUT. As of now, it is not available online. The form for LUT is to be deposited with the jurisdictional officer. If he accepts the LUT, you can export without payment of GST.
What are the Letter of Undertaking Requirements for Export of Service (zero rated) for Business with revenue of less than 1 Crore. I believe there was some recent update from Government regarding making LUT easier for businesses with less than 1 cr (or 2 cr) turnover. I am looking to apply for LUT for my business and have recently received GST certificate.
Hi
You can opt for LUT. As of now, it is not available online. The form for LUT is to be deposited with the jurisdictional officer. If he accepts the LUT, you can export without payment of GST.
Thank you. I understand that with LUT we can export without Payment of GST. But what I am trying to understand is the formalities (or requirements) that go along with LUT for Exporters. I believe there was some circular from government recently that relaxed some requirements. So if someone can shed some light on it.
Hi,
Application for LUT will be submitted to jurisdictional officer with the following documents:
Request Letter for LUT
Undertaking of Non-prosecution as per CGST Notification No. 16/2017
Form GST RFD – 11
UT – 1 Bond on Stamp Paper
GST Registration Certificate
IEC Certificate (if applicable)
Copy of PAN Card & Aadhar Card of Proprietor/ Partners/ Directors.
Please feel free to call/ revert in case you need more clarity
Thanks and regards
Abhishek Dugar
CA CS B.Com
Hi
For LUT below procedure have to follow :
1. Submit Form GST RFD 11 in duplicate with your GST Jurisdictional Deputy/Assistant Commissioner.
2. LUT should be on your letter head.
further LUT shall be valid for 12 months
Hello,
Yes, you are very well on target.
Earlier only exporters having export revenue more than 1Cr could apply for an LUT or else they would have to apply for a Bond but now they have relaxed this limit and any exporter can apply for a LUT without any turnover limit.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, FCA, LLB, CERT. FAFP