letter of undertaking
userrr (Accountant) (137 Points)
17 January 2019
what is letter of undertaking in gst
3 Replies
CA Varun Khasia
(CA)
(198 Points)
Replied 17 January 2019
LUT is beneficial in case of exports.. You dont need to pay IGST on exports of goods or services if you have letter of understanding..
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 17 January 2019
The government has given Facility to Exporter to that If he file the LUT , IGST applicable on export not be charged.
With LUT : No IGST applicable on export
Without LUT : IGST applicable on export
With LUT : No IGST applicable on export
Without LUT : IGST applicable on export
Sanjiv Rajpoot
(3430 Points)
Replied 17 January 2019
LUT facility provided by government to some exporter which full fill some condition
benefit of LUT company save working capital
benefit of LUT company save working capital
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