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letter of undertaking

userrr (Accountant) (137 Points)

17 January 2019

what is letter of undertaking in gst

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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..

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Pankaj Rawat (GST Practitioner) (55047 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

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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

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