GST LUT
(Letter of undertaking) Compliance Services
we offer comprehensive GST LUT (Letter of Undertaking) compliance services to help your business with the GST exemption process for exports. With our expert guidance, you can avail of the benefits of the GST LUT, ensuring smooth and hassle-free exports without the need for a bank guarantee.
What is
GST LUT?
A GST LUT (Letter of Undertaking) is a declaration made by a taxpayer under GST to export goods or services without the payment of Integrated Goods and Services Tax (IGST). The LUT allows exporters to ship goods and services abroad without having to pay taxes upfront and apply for a refund later. It’s an essential document for businesses involved in the export of goods or services, ensuring smoother and quicker export transactions.
Why is
GST LUT
Important?
- No Need for Bank Guarantee: GST LUT helps you avoid the requirement of providing a bank guarantee or paying IGST on export transactions.
- Faster Refund Process: By providing an LUT, you eliminate the need for IGST payment, reducing the paperwork and refund time associated with export transactions.
- Increased Cash Flow: GST LUT ensures that your business doesn’t need to block working capital by paying IGST upfront.
- Legal Protection: It offers legal assurance that the goods or services exported will not be subject to tax, as long as you meet the conditions set under the GST Act.
Eligibility Criteria for
GST LUT
To be eligible for filing a GST LUT, your business must meet the following conditions:
- The exporter must not have been convicted of any tax-related offenses.
- The exporter must have a valid GST registration.
- The exporter must have no outstanding dues with the tax authorities.
- Export of goods or services must be your primary business activity.
Key Services We Provide for
GST LUT
Compliance
We offer a seamless process for obtaining and maintaining your GST LUT to ensure your exports are smooth and tax-free. Our services include:
- GST Registration Certificate
- Export Details (Invoice, shipping bill, etc.)
- Details of Previous Exports (if applicable)
- Self-Declaration regarding non-violations of tax laws.
Why Choose Us for
GST LUT
Us?
- Expert Knowledge: Our team is well-versed in GST regulations and procedures, ensuring smooth filing of your GST LUT with minimal hassle.
- End-to-End Support: From GST LUT application to renewal and compliance, we provide full support throughout the year to ensure your business remains compliant.
- Timely Filing: We handle all deadlines, ensuring that your GST LUT is filed on time and renewed as required, avoiding any interruptions to your export operations.
- Maximized Tax Efficiency: By leveraging GST LUT, we help you avoid unnecessary taxes and improve your cash flow, enabling your business to grow efficiently.
Let Us Help You with
GST LUT
Compliance
Ensure your exports are tax-free and smooth with our GST LUT Compliance Services. Contact us today to get started with your GST LUT application or renewal. We’ll help your business stay compliant and enjoy the benefits of exporting goods and services without the upfront payment of IGST.
