Goods & Service Tax
Letter of undertaking is the document that the user provides declaring fulfillment of all requirements under GST. It is furnished in case of export undertaken without paying IGST. Also, according to the Notification No. 37 /2017 – Central Tax It is mandatory to furnish LUT to export goods or services or both without paying IGST. If the exporter fails to provide the LUT, then he has to pay IGST or provide an export bond. Earlier LUT could only be filed offline at the concerned GST office. But to further ease the process the Government has made the LUT filing online.
1. LUT cover letter – request for acceptance – duly signed by an authorized person
2. Copy of GST registration
3. PAN card of the entity
4. KYC of the authorized person/signatory
5. GST RFD11 form
6. Copy of the IEC code
7. Canceled Cheque
8. Authorized letter
GSTIN and Name (Legal Name) of the Taxpayer will be prefilled based on login. The Taxpayer needs to select the financial year for which LUT is being filed, enter the name, address, and occupation details of two independent and reliable witnesses.
It is not mandatory, but if the Taxpayer wants to record the manually approved LUT to be available in online records, he can furnish 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 filing, the system will generate ARN and acknowledgment. You will be informed about successful filing via SMS and Email, and you can also download the acknowledgment as a PDF.
Yes, the Taxpayer will be able to see his LUT after filing.
Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at [email protected] or call us
We make our clients Business successful by providing solid business control with compliance as base.
Team IN Filings was assisting from day one of our company started in the areas of Startups, filings, audit etc., service rendering is very good, and we recommend others too.
we are getting services from Team IN Associate on the Cloud Based Accounting, GST filings and year-end Trust and Company tax filing. there service level is excellent.
The "Team IN Filings", were handling of our company compliance and filing. they have benchmark and executed there service at most level and care. appreciate .
PATH TO SUCCCESS
Team IN Filings office Bangalore, make sure to support to your business in each stage to achieve your business
© 2022 All rights reserved
Something isn’t Clear?
Feel free to contact me @ +91 7019827351, and I will be more than happy to answer all of your questions.