GST LUT

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Letter of Commitment (LUT)

LUT stands for Letter of Undertaking. When the exporter exports goods or services, or both, without paying IGST, the LUT must be submitted to the GST department. Form RFD 11 for LUT can be filed on the GST portal. Prior to exporting goods or services, a LUT must be filed. A LUT submitted is only valid for the current fiscal year. In the event that LUT is not submitted, the exporter is required to pay IGST and can claim it against the export bond.

Export of Goods or Services on the Basis of a Bond or Letter of Undertaking - Rule 96A of the 2017 CGST Rules:

Before exporting, any registered person who chooses to provide goods or services for export without paying integrated tax must provide the responsible Commissioner with a bond or a letter of undertaking in the form GST RFD-11, pledging to pay the due tax and the 18% interest as outlined in sub-section (1) of section 50 within the following time period:

(a) fifteen days after the expiration of three months [or such further period as the Commissioner may allow] from the date of the invoice for export, if the goods are not exported out of India; or
(b) fifteen days after the expiration of one year [or such further period as may be permitted by the Commissioner] from the date of issuance of the invoice for export, if the exporter has not received payment in convertible foreign exchange [or in Indian rupees where permitted by the Reserve Bank of India].

A bond or letter of undertaking (LUT) may also be issued for zero-rated supplies of goods or services or both to a Special Economic Zone developer or Special Economic Zone unit without the payment of integrated tax.

When a bond or letter of undertaking (LUT) is required:

Any registered person who elects to supply goods or services for export without paying integrated tax is required to submit a GST RFD-11 bond or letter of undertaking prior to export. Each fiscal year, the LUT is required to be submitted. One LUT filing satisfies Rule 96A of the CGST Rules 2017 for a single fiscal year.

LUT GST Filing Procedure:

Listed below are the steps involved in filing a LUT:

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