LUT registration

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Save Taxes while Expanding Business Globally

Today, the Letter Of undertaking (LUT) is paramount for exporters and traders. Undoubtedly, exports bring in important foreign reserves and also opens up new business opportunities. This letter makes the process smoother and more transparent, without the need to pay IGST.

Every exporter is provided with two options - either pay IGST and then claim for refund, or file for LUT and immediately be exempted from paying IGST. By filing the LUT, exporters ultimately fulfilling all the requirements under GST rules and guidelines.

AT CONTABILL, we discuss and gather all information for the submission of LUT. We don’t just plan for submission of application, but ensure to stay by your side until you receive your acknowledgement.

Why Choose LUT

  • Exports without tax payment
  • Saves Working Capital
  • Simple procedure
  • Immediate tax exemption without claiming refund

Documents Required :

  • PAN Card
  • ID proof
  • IEC Copy
  • GST Registration
  • Witness Information
  • Copy of cancelled cheque

ABOUT LUT REGISTRATION

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Importance

Letter of Undertaking or LUT is mandatory to be filed with the government if you want to export goods without payment of tax.
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Export Promotion

The main objective of government behind the introduction of LUT registration is the promotion of exports from India.
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IGST Free Export

You do not need to pay the IGST on exporting your goods if you carry a LUT certificate.
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Smooth Process

With LUT, you will be able to grab the global opportunities easily with comparatively less lengthy customs procedure.
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Saving more funds

On carrying LUT registration, you can avoid plugging your funds into paying IGST liability which can rather be utilized for boosting your export business.
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Saves Time

Gone are those days when you had to wait for months for getting the refund of taxes paid on exports. You can now conduct export without paying IGST.