What is LUT Bond Registration ?

LUT Bond Registration refers to obtaining a Letter of Undertaking (LUT) to export goods or services without paying Integrated Goods and Services Tax (IGST). It is a provision under GST laws.

Benefits

  • Tax Exemption : Allows exporters to avoid paying IGST on export transactions.
  • Cash Flow Improvement : Enhances cash flow by reducing upfront tax payments.
  • Simplified Process : Streamlines the export process by eliminating the need for tax refunds.

Process /Steps

01

Eligibility Check

Ensure the exporter is eligible to file an LUT, typically required to have a clean track record of tax compliance.

02

Documentation

Prepare necessary documents including the GST registration certificate, PAN card, and details of authorized signatories.

03

Form Submission

Submit the LUT in Form GST RFD-11 on the GST portal.

04

Approval

Once submitted, the LUT is reviewed and approved by the GST authorities.

05

Renewal

LUT is valid for one financial year and needs to be renewed annually.

Documents Required

  • LUT application form.
  • Business registration documents.
  • GST registration details.
  • Bank guarantee (if required).

Our Support?

  • Expertise : Professional assistance ensures accurate and timely filing, reducing the risk of errors.
  • Efficiency : Streamlined processes and expert handling expedite approval and minimize delays.
  • Compliance : Ensures all regulatory requirements are met, avoiding legal issues.

By availing SS Auditors' LUT Bond Registration services, businesses can efficiently manage their export operations, benefiting from tax exemptions and ensuring compliance with GST regulations.

Frequently Asked Questions

Businesses engaged in the export of goods or services and meeting certain criteria under GST laws are eligible.

Misuse of LUT can lead to penalties and legal issues. It is essential to follow guidelines strictly.

The LUT is generally valid for the financial year in which it is issued.