GST LUT (Letter of Undertaking) is required for exporters who wish to export goods or services without paying IGST. By filing LUT, businesses can supply goods or services internationally without blocking working capital in tax payments.
LUT must be filed at the beginning of every financial year to continue exporting without payment of IGST under GST regulations.
LUT allows exporters to supply goods/services without paying IGST.
Filing LUT on the GST portal is completely free of government charges.
LUT must be filed once every financial year to remain valid.
