Letter of Undertaking (LUT)
Export Without Tax Payment
LUT allows exporters to ship goods/services without paying IGST. Valid for one financial year (must be renewed before April 1).
Eligibility Criteria
- Registered GST taxpayer
- No tax dues pending
- Valid for both goods and services exports
- Not available if export turnover ≥ ₹2Cr (bond required)
LUT Submission Process
Drafting
Prepare LUT in prescribed format
Filing
Submit via GST Portal (Form GST RFD-11)
Approval
Instant ARN generation
LUT Filing
For FY 2023-24
- LUT drafting
- GST portal submission
- ARN tracking
- Renewal reminder
₹1,999
₹3,000
File LUT Now
LUT vs Bond
| LUT | Bond | |
|---|---|---|
| For Turnover | < ₹2Cr | ≥ ₹2Cr |
| Bank Guarantee | Not needed | Required |