GSTN enables facility for filing LUT for FY 2022-23

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The Letter of Undertaking (LUT)  is prescribed to be furnished in the form GST RFD 11 under rule 96A, whereby the exporter declares that he will fulfill all the requirement that is prescribed under GST while exporting without making IGST payment.

The LUT submitted is valid for one whole financial year and an exporter needs to submit a new LUT for each financial year.

The exporters who have been prosecuted for any offence 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 a Bond for Export instead of LUT.

This facility for filing LUT in Form GST-RFD-11 has been enabled for financial year 2022-23 on the GST Common Portal.

The step by step guidelines to file LUT for F.Y. 2022-23 is as below:

1. Post login navigate through Services --> User Services -->  Furnish Letter of undertaking (LUT)

2. Select the Financial Year 2022-23.

3. Select all the three checkboxes for accepting the conditions.

4. Enter the details of two independent witnesses.

5. Sign the application form using DSC or EVC and submit.


SRIVATSAN.R.

NACIN, Chennai





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