LUT Filling
LUT, or Letter of Undertaking, is a document that businesses in India use to export goods or services without paying the Integrated Goods and Services Tax (IGST). If you want to file an LUT, you'll typically need the following documents:
Letter of Undertaking (LUT): This is the main document, and it's a declaration by the exporter stating that they fulfill all the conditions for export without payment of IGST and that they will abide by all the rules and regulations.
GST Registration Certificate: A copy of your Goods and Services Tax (GST) registration certificate.
PAN (Permanent Account Number): PAN details of the person filing the LUT.
Bank Guarantee (if required): In some cases, the tax authorities may ask for a bank guarantee along with the LUT. The bank guarantee is a promise from a bank that the exporter will fulfill their obligations.
Board Resolution or Letter of Authorization: If the LUT is being filed on behalf of a company, a board resolution or a letter of authorization may be required to demonstrate that the person filing the LUT has the authority to do so.
Copy of the Importer Exporter Code (IEC): IEC is a 10-digit code required for export and import businesses in India.
Details of Previous LUTs (if applicable): If you have filed LUTs in the past, providing details of those filings may be necessary.
Digital Signature Certificate (DSC): If you are filing the LUT online, a digital signature may be required for authentication.
Other Relevant Business Documents: Any additional documents that may be required by the tax authorities to verify the authenticity of the LUT application.