GST LUT Filing - VSB Consultants

GST LUT Filing Services

At VSB Consultants Pvt Ltd, we specialize in GST LUT filing services, assisting businesses in exporting goods and services without paying the Goods and Services Tax (GST). Filing a Letter of Undertaking (LUT) under GST allows exporters to conduct business without upfront tax payments, ensuring smoother cash flow and compliance with Indian tax laws. Our team ensures hassle-free and timely LUT filing, preventing unnecessary delays and penalties.

What is GST LUT Filing ?

A Letter of Undertaking (LUT) is a legal document that enables exporters to supply goods and services without paying IGST (Integrated Goods and Services Tax). Under GST laws, exporters can either:

✔ Pay IGST and claim a refund later.
✔ File an LUT to export without paying IGST upfront.

Filing an LUT saves businesses from financial strain and paperwork associated with tax refunds. It must be renewed every financial year to continue tax-free exports.

Who Needs to File LUT Under GST ?

GST LUT filing is mandatory for exporters who:

✔ Export goods or services without paying IGST.
✔ Supply to Special Economic Zones (SEZs) without tax payments.
✔ Engage in international trade and wish to avoid blocking working capital.
✔ Are service providers dealing with foreign clients and receiving payment in convertible foreign exchange.

Exporters not filing LUT must pay IGST on exports and later apply for refunds, which can delay cash flow.

Documents Required for GST LUT Filing

For successful GST LUT filing, businesses must provide:

📌 GSTIN (Goods and Services Tax Identification Number) – Unique taxpayer registration number.
📌 PAN Card – Proof of business ownership.
📌 Export Invoices & Purchase Orders – Details of past or proposed export transactions.
📌 Authorized Signatory’s Aadhaar & PAN – Identity proof of business owner/partner.
📌 Declaration on Letterhead – A formal undertaking signed by an authorized person.
📌 Previous LUT (If applicable) – For businesses renewing their LUT from the prior financial year.

Proper documentation ensures error-free processing and approval of LUT.

Process of GST LUT Filing

At VSB Consultants Pvt Ltd, we handle end-to-end GST LUT filing through a structured approach:

Step 1: Eligibility Assessment

✔ Verify if the business qualifies for LUT filing under GST.
✔ Gather export details, past LUTs (if applicable), and supporting documents.

Step 2: Preparation & Submission of LUT

✔ Prepare the LUT application on the GST portal.
✔ Attach relevant documents and declarations.

Step 3: Verification & Approval by GST Officer

✔ GST authorities review the submitted LUT.
✔ If required, additional clarifications or corrections are made.

Step 4: Issuance of Approved LUT

✔ Upon approval, the LUT is issued and valid for the entire financial year.
✔ The business can now export without paying IGST.

Step 5: Compliance & Renewals

✔ LUT must be renewed annually before expiry.
✔ Maintain export records and compliance checks to avoid issues.

With VSB Consultants Pvt Ltd, the LUT filing process is quick, accurate, and hassle-free.

Why Choose VSB Consultants ?

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Take the first step toward launching your business with confidence. Our experts will assist you in setting up your sole proprietorship hassle-free.

📞 Call us now on +91 9875991882 or fill out the inquiry form to get expert assistance from VSB Consultants Pvt Ltd!

Frequently Asked Questions (FAQs)

+1. What is the validity of a GST LUT ?

✔ An LUT is valid for one financial year and must be renewed annually.
+2. Can all exporters file LUT under GST ?

✔ Yes, all exporters of goods and services can apply for LUT instead of paying IGST upfront.
+3. What happens if I don’t file an LUT ?

✔ If you don’t file an LUT, you must pay IGST on exports and claim a refund later.
+4. How long does LUT filing take ?

✔ LUT approval usually takes 1-3 working days, depending on GST officer verification.
+5. Is LUT applicable for domestic sales ?

✔ No, LUT applies only to exports and SEZ supplies, not domestic transactions.
+6. Can I apply for LUT renewal before expiry ?

✔ Yes, businesses should renew LUT before the financial year ends to ensure continued benefits.
+7. What if my LUT application is rejected ?

✔ If an LUT is rejected, you must pay IGST on exports and claim a refund. Our experts can assist in re-filing.
+8. Do freelancers providing services to foreign clients need an LUT ?

✔ Yes, freelancers earning from foreign clients in foreign convertible currency can apply for LUT.
+9. Can an LUT be filed offline ?

✔ No, LUT applications must be filed online through the GST portal.
+10. Is digital signature required for LUT filing ?

✔ Yes, for companies and LLPs, LUT filing must be signed using a Digital Signature Certificate (DSC).
+11. What happens if I make a mistake in the LUT application ?

✔ Incorrect applications can be edited before submission, but once approved, corrections are not allowed.
+12. Can a sole proprietor apply for LUT ?

✔ Yes, sole proprietors, partnerships, LLPs, and companies can apply for LUT.
+13. What are the benefits of LUT filing ?

✔ Businesses can export tax-free, improve cash flow, and avoid refund delays.
+14. Is there a fee for LUT filing ?

✔ The government does not charge a fee, but professional services may have nominal charges.
+15. How can VSB Consultants help in GST LUT filing ?

✔ We provide end-to-end filing assistance, ensuring timely approvals and compliance.