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.