{"id":6646,"date":"2023-03-19T11:08:29","date_gmt":"2023-03-19T11:08:29","guid":{"rendered":"https:\/\/truefilingindia.com\/?post_type=service&#038;p=6646"},"modified":"2023-04-02T14:12:05","modified_gmt":"2023-04-02T14:12:05","slug":"gst-lut-form","status":"publish","type":"service","link":"https:\/\/truefilingindia.com\/?service=gst-lut-form","title":{"rendered":"GST LUT Form"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6646\" class=\"elementor elementor-6646\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9feb006 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9feb006\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cd9fd8f\" data-id=\"cd9fd8f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f476dab elementor-widget elementor-widget-creote-title-v1\" data-id=\"f476dab\" data-element_type=\"widget\" data-widget_type=\"creote-title-v1.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"title_all_box style_one  dark_color\">\r\n         <div class=\"title_sections left\">\r\n            <div class=\"before_title\">\r\n         \nGST LUT Form      <\/div>\r\n                        <p>  Filing of GST LUT Form for Exporters.\n\n<\/p>\r\n         <\/div>\r\n               \r\n<\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-671081e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"671081e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ed7738f\" data-id=\"ed7738f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78c8a3e elementor-widget elementor-widget-creote-simple-image-box-v1\" data-id=\"78c8a3e\" data-element_type=\"widget\" data-widget_type=\"creote-simple-image-box-v1.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"simple_image_boxes  parallax_cover\"   data-aos=\"fade-up\" data-aos-delay=\"0\"  data-aos-offset=\"0\" >\r\n   <img decoding=\"async\" src=\"http:\/\/truefilingindia.com\/wp-content\/uploads\/2023\/03\/Register-Your-Business-In-Less-Then-15-Days-1-1.png\" class=\"simp_img cover-parallax\" alt=\"image\" \/>\r\n<\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-df1cfaa\" data-id=\"df1cfaa\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc8c410 elementor-widget elementor-widget-creote-iconbox-v1\" data-id=\"bc8c410\" data-element_type=\"widget\" data-widget_type=\"creote-iconbox-v1.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"icon_box_all  style_one\"   data-aos=\"fade-up\" data-aos-delay=\"0\"  data-aos-offset=\"0\" >\r\n      <div class=\"icon_content \">\r\n            <div class=\"icon\">\r\n         <img decoding=\"async\" src=\"https:\/\/themepanthers.com\/wp\/creote\/v-new\/wp-content\/uploads\/2021\/10\/icon-image-nike.png\" class=\"img-fluid svg_image\" alt=\"icon png\" \/>\r\n      <\/div>\r\n            <div class=\"txt_content\">\r\n                  <h3>\r\n            <a href=\"#\"  target=&quot;_blank&quot;  rel=&quot;nofollow&quot;>\r\n            \nGSTIN            <\/a>\r\n         <\/h3>\r\n                        <\/div>\r\n   <\/div>\r\n   \r\n<\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55eae09 elementor-widget elementor-widget-text-editor\" data-id=\"55eae09\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.5 - 14-03-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<ul class=\"ul_f_f list-icon list-icon-check list-icon-colored text-left abt_item_ul_new\"><li>GST LUT Form for Exporters.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d20cb13 elementor-widget elementor-widget-creote-iconbox-v1\" data-id=\"d20cb13\" data-element_type=\"widget\" data-widget_type=\"creote-iconbox-v1.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"icon_box_all  style_one\"   data-aos=\"fade-up\" data-aos-delay=\"0\"  data-aos-offset=\"0\" >\r\n      <div class=\"icon_content \">\r\n            <div class=\"icon\">\r\n         <img decoding=\"async\" src=\"https:\/\/themepanthers.com\/wp\/creote\/v-new\/wp-content\/uploads\/2021\/10\/icon-image-nike.png\" class=\"img-fluid svg_image\" alt=\"icon png\" \/>\r\n      <\/div>\r\n            <div class=\"txt_content\">\r\n                  <h3>\r\n            <a href=\"#\"  target=&quot;_blank&quot;  rel=&quot;nofollow&quot;>\r\n            Offers and Discounts            <\/a>\r\n         <\/h3>\r\n                        <\/div>\r\n   <\/div>\r\n   \r\n<\/div>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01fcff1 elementor-widget elementor-widget-text-editor\" data-id=\"01fcff1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<table class=\"table table-bordered save_ex_tbl o_a_d_table\"><tbody><tr><td><div class=\"icon-box effect medium clean\"><div class=\"icon m-b-0\"><img decoding=\"async\" class=\"img-fluid\" src=\"https:\/\/img.indiafilings.com\/catalog\/ledgers_icon.png\" alt=\"Logo\" width=\"40px\" height=\"40px\" \/><\/div><div><p><a href=\"#\">LEDGERS Invoicing Platform<\/a><\/p><p>Invoicing, GST Filing, Banking and Payroll<\/p><\/div><\/div><\/td><\/tr><tr><td><div class=\"icon-box effect medium clean\"><div class=\"icon m-b-0\"><img decoding=\"async\" class=\"img-fluid\" src=\"https:\/\/img.indiafilings.com\/catalog\/icici-icon.png\" alt=\"Logo\" width=\"40px\" height=\"40px\" \/><\/div><div><p><a href=\"#\">ICICI Bank Current Account<\/a><\/p><p>Zero Account Maintenance Charges for 1 Year*<\/p><\/div><\/div><\/td><\/tr><tr><td><div class=\"icon-box effect medium clean\"><div class=\"icon m-b-0\"><img decoding=\"async\" class=\"img-fluid\" src=\"https:\/\/img.indiafilings.com\/catalog\/gstn-icon.png\" alt=\"Logo\" width=\"40px\" height=\"40px\" \/><\/div><div><p>GST Invoice<\/p><p>Get GST eInvoice with Input Tax Credit<\/p><\/div><\/div><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9212180 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9212180\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7b24bec\" data-id=\"7b24bec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc14c97 elementor-widget elementor-widget-text-editor\" data-id=\"dc14c97\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><span style=\"color: #000000;\">GST RFD-11 Form, Eligibility &amp; Process to fill the Documents<\/span><\/h2><h3><span style=\"color: #000000;\">What does LUT under GST means?<\/span><\/h3><p><span style=\"color: #000000;\">LUT in GST: Full form\/meaning is Letter of Undertaking. It is prescribed to be furnished in the form GST RFD 11 under rule 96 A, whereby the exporter declares that he or she will fulfill all the requirement that is prescribed under GST while exporting without making IGST payment.<\/span><\/p><h3><span style=\"color: #000000;\">Who needs to file LUT in Form GST RFD-11?<\/span><\/h3><p><span style=\"color: #000000;\">GST LUT is to be submitted by all GST registered goods and service exporters. The exporters who have been prosecuted for any offense and the tax evasions exceeding Rs 250 lakhs under CGST Act or the Integrated Goods and Service Act, 2017 or any existing laws are not eligible to file the GST LUT. In such cases, they would have to furnish an\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.indiafilings.com\/learn\/export-bond-gst\/\">Export bond<\/a>.<\/span><\/p><p><span style=\"color: #000000;\">Here the motive of the government was to expand the export base by providing reliefs on exports. GST experts from IndiaFilings can help you with GST LUT filing or Export bond Filing.<\/span><\/p><p><span style=\"color: #000000;\">Under CGST Rules,2017, any registered person can furnish an Export bond or LUT in GST RFD 11 without paying the integrated tax. They can apply for LUT if:<\/span><\/p><ol><li><span style=\"color: #000000;\">They intend to supply goods or services to India or overseas or SEZs<\/span><\/li><li><span style=\"color: #000000;\">Are registered under GST<\/span><\/li><li><span style=\"color: #000000;\">They wish to supply goods without paying the integrated tax.<\/span><\/li><\/ol><h2><span style=\"color: #000000;\">Documents Required for LUT under GST<\/span><\/h2><p><span style=\"color: #000000;\">An LUT can be submitted by any individual who is registered under GST provided he has not been executed in case of tax evasion exceeding Rs.250 lakh or any other offense.<\/span><\/p><ol><li><span style=\"color: #000000;\">LUT cover letter &#8211; request for acceptance &#8211; duly signed by an authorized person<\/span><\/li><li><span style=\"color: #000000;\">Copy of GST registration<\/span><\/li><li><span style=\"color: #000000;\">PAN card of the entity<\/span><\/li><li><span style=\"color: #000000;\">KYC of the authorized person\/signatory<\/span><\/li><li><span style=\"color: #000000;\">GST RFD11 form<\/span><\/li><li><span style=\"color: #000000;\">Copy of the IEC code<\/span><\/li><li><span style=\"color: #000000;\">Canceled Cheque<\/span><\/li><li><span style=\"color: #000000;\">Authorized letter<\/span><\/li><\/ol><h2><span style=\"color: #000000;\">Eligibility for Filing LUT in GST<\/span><\/h2><h3><span style=\"color: #000000;\">Who can use Letter of Undertaking (LUT)?<\/span><\/h3><p><span style=\"color: #000000;\">Any registered taxpayer who is into exporting goods and services can make use of Letter of Undertaking. Any person who has been prosecuted for tax evasion for an amount of Rs. 250 lakh or above are ineligible.<\/span><\/p><p><span style=\"color: #000000;\">The validity of such LUT&#8217;s is for one year, and an exporter is required to furnish a fresh LUT for each financial year. If the conditions mentioned in the LUTs are not satisfied within the specified time limit, then the privileges will be revoked, and the exporter will have to furnish bonds.<\/span><\/p><p><span style=\"color: #000000;\">Other assesses should furnish bonds if the export is being made without the payment of IGST. LUTs \/ Bonds can be used for:<\/span><\/p><ol><li><span style=\"color: #000000;\">Zero-rated supply to SEZ without payment of IGST<\/span><\/li><li><span style=\"color: #000000;\">Export of goods to a country outside India without the payment of IGST.<\/span><\/li><li><span style=\"color: #000000;\">It is providing services to a client in a country outside India without paying IGST.<\/span><\/li><\/ol><h2><span style=\"color: #000000;\">Filing of Letter of Undertaking (FORM GST RFD-11)<\/span><\/h2><p><span style=\"color: #000000;\">The Form RFD-11 is filed in the format below:\u00a0<\/span><\/p><ul><li><span style=\"color: #000000;\">Registered Name<\/span><\/li><li><span style=\"color: #000000;\">Address<\/span><\/li><li><span style=\"color: #000000;\">GST No.<\/span><\/li><li><span style=\"color: #000000;\">Date of furnishing<\/span><\/li><li><span style=\"color: #000000;\">Signature, date, and place<\/span><\/li><li><span style=\"color: #000000;\">Details of witnesses (Name, address, and occupation)<\/span><\/li><\/ul><h2><span style=\"color: #000000;\">Export Bond for GST<\/span><\/h2><p><span style=\"color: #000000;\">Entities that are not eligible to submit a Letter of Undertaking based on the conditions mentioned will have to furnish an export bond and a bank guarantee. The applicant needs to cover the amount of tax involved in the export based on estimated tax liability self-assessment.<\/span><\/p><p><span style=\"color: #000000;\">Export bond should be furnished on non-judicial stamp paper of the value as applicable in the State in which the bond is being furnished.<\/span><\/p><p><span style=\"color: #000000;\">Also, exporters can furnish a running bond, so that export bond needs not to be executed for each export transaction. However, if the outstanding tax liability on exports exceeds the bond amount at any time, then the exporter must furnish a new bond to cover the additional liability.<\/span><\/p><p><span style=\"color: #000000;\">A bank guarantee can be mandated along with an export bond. The value of the bank guarantee should usually not exceed 15% of the bond amount. However, based on the exporter&#8217;s track record, the bank guarantee required to be submitted with the export bond can be waived off by the jurisdictional GST Commissioner.<\/span><\/p><h3><span style=\"color: #000000;\">Form for Bonds:<\/span><\/h3><ul><li><span style=\"color: #000000;\">Registered Name<\/span><\/li><li><span style=\"color: #000000;\">Address<\/span><\/li><li><span style=\"color: #000000;\">Amount of bond furnished.<\/span><\/li><li><span style=\"color: #000000;\">Date of furnishing<\/span><\/li><li><span style=\"color: #000000;\">Amount of bank guarantee furnished.<\/span><\/li><li><span style=\"color: #000000;\">Signature, date, and place<\/span><\/li><li><span style=\"color: #000000;\">Details of witnesses (Name, address, and occupation)<\/span><\/li><li><span style=\"color: #000000;\"><strong><u>CALL A FREE CA CS AND CORPORATE LAWYER 24*7<\/u><\/strong><\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8fcc00f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8fcc00f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c6737f9\" data-id=\"c6737f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-997adac elementor-widget elementor-widget-creote-contact-form-v1\" data-id=\"997adac\" data-element_type=\"widget\" data-widget_type=\"creote-contact-form-v1.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section class=\"contact_form_box_all type_one\"\r\n   data-aos=\"fade-up\"  data-aos-offset=\"0\"\r\n  data-aos-delay=\"0\" >\r\n    <div class=\"contact_form_box_inner\">\r\n    <div class=\"contact_form_shortcode\">\r\n            \n<div class=\"wpcf7 no-js\" id=\"wpcf7-f7-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/index.php?rest_route=%2Fwp%2Fv2%2Fservice%2F6646#wpcf7-f7-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"7\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.7.4\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f7-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/div>\n<p><label> Your name<br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" autocomplete=\"name\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span> <\/label>\n<\/p>\n<p><label> Your email<br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-email wpcf7-validates-as-required wpcf7-validates-as-email\" autocomplete=\"email\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span> <\/label>\n<\/p>\n<p><label> Subject<br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-subject\"><input size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"your-subject\" \/><\/span> <\/label>\n<\/p>\n<p><label> Your message (optional)<br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"40\" rows=\"10\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" name=\"your-message\"><\/textarea><\/span> <\/label>\n<\/p>\n<p><input class=\"wpcf7-form-control has-spinner wpcf7-submit\" type=\"submit\" value=\"Submit\" \/>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n          <\/div>\r\n  <\/div>\r\n  <\/section>\r\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Once your company has hired the best employees, the next step.<\/p>\n","protected":false},"featured_media":2181,"comment_status":"open","ping_status":"closed","template":"","service_category":[],"class_list":["post-6646","service","type-service","status-publish","has-post-thumbnail","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/service\/6646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/service"}],"about":[{"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/types\/service"}],"replies":[{"embeddable":true,"href":"https:\/\/truefilingindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6646"}],"version-history":[{"count":7,"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/service\/6646\/revisions"}],"predecessor-version":[{"id":7151,"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/service\/6646\/revisions\/7151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/truefilingindia.com\/index.php?rest_route=\/wp\/v2\/media\/2181"}],"wp:attachment":[{"href":"https:\/\/truefilingindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6646"}],"wp:term":[{"taxonomy":"service_category","embeddable":true,"href":"https:\/\/truefilingindia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fservice_category&post=6646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}