Are you an exporter of goods/ services? Do you wish to export without payment of GST? Furnish letters of undertaking with the help of experts!
The Letter of Undertaking (LUT) is required to be furnished in form GST RFD 11 under rule 96A, on the common portal of GSTN in order to make exports without payment of IGST. The LUT is valid for a period of twelve months from the date of submission. The exporter is also entitled to claim refunds of input tax credit.
Alternatively, the exporter can also proceed by paying applicable GST and filing a claim for refund at after the export.
Currently provisional refunds are granted upto 90% of the claimed amount within 7 days of application.*
* subject to documentation being complete