Goods and Service Tax

GST LUT Submission

GST LUT Submission

  • Overview
  • Points to remember
  • Process

GST LUT Submission (Letter of Undertaking)

Letter of Undertaking (LUT) is required in case of export without payment of IGST. A LUT has a validity of one financial year. If you furnish LUT, then you can export goods and services without payment of IGST.

Frequently Asked Questions

A LUT is valid for one financial year.

If you furnish LUT, then you can export goods and services without payment of IGST.

Services Covered

  1. Letter of Undertaking certificate (online)

Who Should Buy

  1. Individuals and companies engaged in export of goods or services

 

Documents To Be Submitted

  1. The documents needed shall depend on the service you need at a particular point in time. The same shall be communicated to you by our experts based on your requirements.
  2. Name and Address of 2 witnesses

Lets see the process

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Form fillup

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Purchase plan

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Task Completion

GST LUT Submission

₹999.00

To make tax compliance easier, the income tax department has categorized taxpayers into many groups based on income and its source. So, you need to file your returns accordingly. Registers with GST LUT Submission plan and enjoy the benefits

Benefits of GST Registration ?

  • The GST will consolidate Central Excise Duty, Service Tax, VAT, Central Sales Tax, Customs Duty, Central Surcharge & Cess, Octroi, Luxury Tax, Entertainment Tax, Purchase Tax and a few other indirect taxes. The GST will apply on all goods and services. Even petrol and petroleum products will eventually be subject to it.This would make tax collection and compliance easy for businesses across the country.

  • The GST council has decided on a four-tier structure. The GST rate will depend on the type of goods and services. Currently, the slab rates are 5%, 12%, 18% and 28%

  • Currently various businesses like restaurants, computer sales and services businesses have to deal with both VAT and Service Tax regulations resulting compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items. With the Implementation of GST Business will be made easy

  • Since in some states under the VAT regime, businesses are required to comply with VAT regulations once they cross an annual turnover of Rs.5 lakhs. Under GST regime, GST liability occurs only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, whereas for rest of India, the threshold is set at Rs.20 lakhs.