Letter of Undertaking (LUT) registration
We are able to assist you in submitting the Letter of Undertaking so that you can avoid paying IGST on your exports.
WHAT IS MEANT BY AN LUT ?
LUT stands for Letter of Undertaking, a document submitted by exporters to exempt them from paying IGST on exports. To promote exports, the government allows exporters to file an LUT, enabling them to export goods without paying IGST.
What is a Private Limited Company?
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Previously, importers and exporters were required to pay IGST on both the purchase of inputs and the export of goods. Despite being eligible to claim GST refunds, the process was significantly time-consuming.
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Recognizing the liquidity challenges faced by small traders, the government has introduced the option of filing an LUT Certificate. This allows them to conduct exports with 0% IGST by explicitly stating their intention to export goods.
THE RATIONALE BEHIND OPTING FOR LUT REGISTRATION ?
HOW TO FILE LUT FOR EXPORT?
Upload the necessary documents and business information through our website.
Get advice from our business advisor on procedures for submitting an LUT for exports.
Our expert will authenticate the documents and information provided.
After providing the necessary information, the LUT online application will be electronically signed using EVC.
Your online application for the LUT will be forwarded to the GST Department for approval.
After verifying the details, the LUT will be filed successfully.
ABOUT LUT REGISTRATION
Importance
You must submit a Letter of Undertaking (LUT) to the government if you intend to export goods without paying taxes.
Export Promotion
The primary goal of the government in implementing LUT registration is to enhance exports originating from India.
Tax Free Export
You are exempt from paying IGST on exports of your goods when you possess a LUT certificate.
Smooth Process
With the utilization of LUT, you can take advantage of international opportunities more efficiently, benefiting from streamlined customs procedures.
Saving more funds
After obtaining LUT registration, you can prevent tying up your funds in paying IGST, freeing them instead to enhance your export business.
Saves Time
In the past, waiting months for tax refunds on exports was commonplace. Now, you can export without paying IGST.
DOCUMENTS REQUIRED FOR LUT REGISTRATION
GST Certificate
Details of witness
PACKAGES
Standard
Premium
₹ 15499
Plus taxes
LUT Registration
Import Export Code Certificate
EXIM eGuide
Basic
₹ 999
Plus taxes
LUT Registration
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