GST LUT FILING | Legomark India
At LEGOMARK INDIA, we provide expert assistance in filing GST LUT (Letter of Undertaking), a crucial document for businesses exporting goods and services. Filing an LUT allows businesses to export without paying IGST upfront, ensuring better cash flow and compliance with GST laws. Our team simplifies the LUT filing process, so you can focus on expanding your business globally without tax burdens.
What is GST LUT (Letter of Undertaking)?
A GST LUT (Letter of Undertaking) is a declaration submitted to GST authorities by exporters, ensuring that goods or services are exported without the payment of IGST. By filing an LUT, businesses can avoid unnecessary tax payments and cash flow blockages while remaining compliant under Section 16 of the IGST Act, 2017.
Who Needs to File GST LUT?
Businesses that must or can benefit from filing an LUT include:
Exporters of Goods and Services – Businesses engaged in exporting goods or services.
Suppliers to SEZ Units – If supplying to Special Economic Zones (SEZs).
Businesses Not Opting for Bonds – Those preferring LUT over furnishing a bank guarantee.
Service Exporters – Companies offering services to international clients.
E-commerce Exporters – Businesses selling goods/services overseas via e-commerce platforms.
Why is GST LUT Filing Important?
No IGST Payment on Exports – Reduces financial burdens by eliminating upfront IGST payments.
Faster Refunds – Ensures quick refunds for input taxes paid on exports.
Seamless Export Operations – Avoids procedural delays and complications.
Legal Compliance – Helps businesses stay aligned with GST regulations.
Boosts Cash Flow – Frees up capital for growth and expansion.
Documents Required for GST LUT Filing
To file a GST LUT, the following documents are typically needed:
1. Business Details:
PAN Card of the business.
GST Registration Certificate.
Proof of Business Existence (Incorporation Certificate, Partnership Deed, etc.).
2. Bank Details:
Bank Statement or Cancelled Cheque.
Bank Account Details Confirmation Letter.
3. Export-Related Documents:
Export Invoices or Orders.
Declaration Stating Export of Goods/Services Without IGST Payment.
SEZ Supply Proof (if applicable).
Letter of Undertaking (LUT) Document.
4. Authorized Signatory Documents:
Identity Proof (Aadhar, Passport, Voter ID).
Photograph of Authorized Signatory.
Authorization Letter for LUT Filing.
5. Financial Documents (if applicable):
Latest Balance Sheet/Financial Statements.
GST LUT Filing Process at LEGOMARK INDIA
We ensure a smooth and accurate LUT filing process:
Consultation & Documentation: Our team collects and verifies all required documents.
Preparation of LUT Application: We draft and review your LUT application for submission.
Filing on GST Portal: Our experts file the LUT application correctly and promptly.
GST Department Review: We coordinate with authorities for quick approval.
Approval & Acknowledgment: Once approved, we provide confirmation of LUT filing.
Ongoing Support: We assist with LUT renewals or any further requirements.
Why Choose LEGOMARK INDIA for GST LUT Filing?
Expert Guidance – Experienced professionals handle your application with precision.
Fast & Hassle-Free Filing – We ensure quick and accurate processing.
Error-Free Documentation – Minimized risks of rejection or delay.
Affordable & Transparent Pricing – Cost-effective solutions tailored to your needs.
Post-Filing Support – We assist with amendments, renewals, and further compliance needs.
Get Started with GST LUT Filing Today!
If your business exports goods or services, LEGOMARK INDIA ensures a seamless and compliant GST LUT filing process. Contact us today to streamline your LUT application in GST and boost your business’s tax efficiency.
