Tax Rupees is India's online business services platform working to help Indians easily start and grow their business, at an affordable cost.

Contact Info

info@taxrupees.com
+91-9354514537

Follow Us

GST LUT Filing

GST LUT filing is a procedure under which businesses can claim exemption from paying taxes on the export of goods. A LUT is a document in which a business undertakes to pay all its GST liabilities on time.

Basic Plan

Basic Plan

1499 incl. GST
2300 (35% off)
  • GST LUT Form for Exporters.
Get Started
GST LUT Filing

Documents Required For GST LUT Filing

Aadhar Card
Id Proof of Witnesses (Self Attested)
PAN Card

GST LUT Filing

 

The Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services in India. The GST was introduced in 2017, and is administered by the Central Board of Excise and Customs (CBEC).

Businesses registered under the GST must file a monthly return called the GST Return. The GST Return must be filed by the 20th day of the month following the month being reported.

In addition to the monthly GST Return, businesses must also file an annual return called the Annual Return. The GST Annual Return must be filed by 31st December of each year.

One of the key documents required for filing the GST Return is a Letter of Undertaking (LUT). A LUT is a document in which a business undertakes to pay all its GST liabilities on time.
 

What is GST LUT filing

A Letter of Undertaking (LUT) is a document that enables an exporter to export goods without paying taxes. The exporter has to furnish this letter to the Customs authorities at the time of exporting the goods.

In order to obtain a LUT, the exporter has to file an application in Form GST RFD-11 along with a duly executed bond and a bank guarantee.

What documents are required for GST LUT filing

The following documents are required for GST LUT filing:
1) Application in Form GST RFD-11
2) Duly executed bond
3) Bank Guarantee
4) Certificate of Registration
5) Letter of Authority (if applicable)


What is the procedure for GST LUT filing

The following steps have to be followed for GST LUT filing:
1) The exporter has to file an application in Form GST RFD-11 along with the required documents.
2) The proper officer will verify the application and supporting documents.
3) If the proper officer is satisfied, he will issue a LUT in Form GST RFD-10 electronically.
4) The exporter has to furnish the LUT at the time of exporting the goods.
 

How to file GST LUT

Step-by-step guide to filing GST LUT
To file for a GST LUT, you will need the following documents:
1. A duly filled and signed application form
2. A declaration in the prescribed format
3. A bank guarantee in the prescribed format
4. supporting documents as mentioned in rule 96A of the CGST Rules, 2017
The above documents must be submitted to the jurisdictional Tax Authority along with the appropriate fee. The Tax authority will then issue a registration certificate within 3 days from the date of receipt of application.


Tips for filing GST LUT

Here are a few tips that can help you while filing for a GST LUT:
1. It is important that you have all the required documentation in place before starting the application process. This will save you time and avoid any last-minute hassle.
2. Ensure that all the information provided in the application form is accurate and up-to-date. Providing false or misleading information can lead to rejection of your application or cancellation of registration at a later stage.
3. Attach all the supporting documents as required by rule 96A of CGST Rules, 2017 along with your application form. This will help speed up the process and avoid any delays.
4. Keep track of your application status by periodically checking with the Tax authority concerned. This will help you stay on top of things and take necessary action if there are any issues with your application.
 

Penalties for not filing GST LUT

The late filing of GST LUT will lead to a penalty of 10% of the tax due per month. This means that if the tax due is Rs.1,000, the late filing penalty will be Rs.100 per month. In addition, interest will also be charged on the outstanding amount at the rate of 18% per annum.


Interest on late payment of GST

In addition to the late filing penalty, interest will also be charged on the outstanding amount at the rate of 18% per annum.
 

The Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services in India. GST LUT filing is a procedure under which businesses can claim exemption from paying taxes on the export of goods. In order to file for GST LUT, businesses need to submit certain documents and follow a specific procedure. The benefits of GST LUT filing include lower costs and faster processing of exports.

Not filing for GST LUT can result in penalties and interest charges. Therefore, it is important for businesses to be aware of the implications of not filing for GST LUT. By understanding the importance of GST LUT filing, businesses can save time and money on their exports.
 

Get GST LUT Filing online with Tax Rupees.

Did you know that you can now file GST LUT online in India online with Tax Rupees?
Yes, that’s right!
We are a leading provider of online GST LUT filing services in India. We can help you obtain your GST Registration and Monthly GST Filing quickly and easily.
So what are you waiting for? Contact us today to get started!

FAQ

If you don't see an answer to your question, you can send us an email from our contact form.

GSTIN and Name (Legal Name) of the Taxpayer will be prefilled taking into account login. The Taxpayer needs to pick the money related year for which LUT is being recorded, enter the name, address, and occupation subtleties of two free and strong observer .

It isn't required, however to record the physically endorsed LUT to be accessible in web-based records, he can outfit it with the online application.

Primary authorized signatory/Any other Authorized Signatory needs to sign and file the verification with DSC/EVC. The authorized signatory can be the working partner, the managing director, or the proprietor or by a person duly authorized by such operating partner or Board of Directors of such company or proprietor to execute the form.

After successful documenting, the framework will produce ARN and acknowledge. You will be educated about successful documenting by means of SMS and Email, and you can likewise download the acknowledge as a PDF.

True, the Taxpayer will actually want to see his LUT after filing.

It is mandatory to outfit the Letter of undertaking (LUT) to send out the products, services , or both without paying the IGST.

Any person who is sending work and items can outfit the LUT.

An individual who has been arraigned for avoiding expense of Rs. 2.5 crore or above under the demonstration can't outfit the LUT.

LUT initial letter-fittingly embraced by a supported individual Copy of the GST selection PAN of the component.

In the occasion that the LUT isn't recorded on time the exporter is supposed to pay the cost while finishing commodities and subsequently ensure a rebate to benefit the upside of the zero-assessed exchanges.

Happy Customers

Customer satisfaction is our major goal. See what our customers are saying about us.

"A big thanks to the Tax Rupees team for making GST returns simple and easy for us. Rather than requiring 7 to 8 days to do compromise, presently it's simply a question of hours. The people there help us at any given time."

"Excellent service at a reasonable cost. You can do everything from the comfort of your own home and have all of your company registration documents delivered, which I thought was impossible. You saved a significant amount of time and money."

RAWA-RAJPUT-SANGATHAN
Shivanand Mogha

RAWA RAJPUT SANGATHAN

"Tax Rupees handled all of the documentation and filings required to get my startup company up and running. I went for LLP registration, and Tax Rupees expertly guided me through all of the processes and kept me up to date"

The Pal Choice
Mr. Pal

The Pal Choice

"Our experience with Tax Rupees has been amazing and their method of execution is excellent and simply amazing. I would like to continue working with TR for a longer period of time."

"I've been using TaxRupees for a year. My personal interactions with them have been very positive and responsive. They follow up on GST, TDS, and other statutory compliance in a timely and efficient manner. I also used their services for the new Private Limited Company we formed in June 2020."

"I had a very positive experience with Tax Rupees. They were quick to assist with all of my work and provided all related services in a timely manner. I recommend them to any individual or business that is looking to incorporate."

TAS WORLD DESIGNS PVT LTD
Ankit Sachdeva

TAS WORLD DESIGNS PVT LTD

GST LUT Filing in City