LUT Filing & Export Compliance
Letter of Undertaking (LUT) enables exporters to supply goods or services without payment of IGST.
Compliance includes:
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Annual LUT filing on GST portal
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Adherence to export timelines
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Realization of export proceeds within prescribed period
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Maintenance of export documentation
Failure to comply with LUT conditions may result in tax liability with interest.
Timely LUT filing ensures smooth export operations and avoids working capital blockage.