I am into export of service. And applied for Letter of Undertaking for no GST payment. The LUT was received from the department today. Now, what is the GST process after this. Do I have to do any formalities post this? Do I need to file GST, if yes please confirm the form that is to be filled also if the deadline dates. Thank you
Hi
All GST returns have to be filed showing invoices as export without payment of GST. Currently, GSTR3B and GSTR1 needs to be filed; GSTR3B before 20th of subsequent month and GSTR1 quarterly.
You will have to pay GST on invoices dated before the date of LUT and claim refund, if applicable.
I assume your turnover is less than INR 1.5 crores.
After receiving LUT, you don't need to pay GST. On invoice, you need to write "export under LUT without payment of IGST".
You need to file GST returns as usual. There is no change in that.
Hello,
You may do your normal sale purchase transactions. You will have to file regular GSTR - 3B and GSTR - 1 returns, though need not pay taxes.
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
hii
after getting LUT you need not pay IGST on exports, but you have to file all returns and claim refund of input used for exports of services
