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Lut bond for export/sez

S ELAVARASI (ACCOUNTANT) (2975 Points)

20 February 2019

Dear Sir / Madam,

Is LUT bond will be file every single export process...?

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8 Replies

CMA Bhavya (Assistant Manager Finance) (862 Points)
Replied 20 February 2019

Dear Madam,

LUT Bond(Letter of undertaking Bond) is for non payment of taxes in case of Exports and SEZ

mentioning this number is mandatory for all the Export &SEZ invoices if you want Tax exemption.

regards,

Bhavya.P

1 Like

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Nivedita (SME - Finance) (758 Points)
Replied 20 February 2019

Seems .. LUT/Bond to be filed .. is valid for a certain tenure .. Not for every export made ..

Nivedita (SME - Finance) (758 Points)
Replied 20 February 2019

LUT is acceptable by the Assistant commissioner or Deputy commissioner and validity period for LUT will be 12 months

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 20 February 2019

It's valid for FY . ...

2 Like

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 22 February 2019

Mr Pankaj Rawat Ji.,

We supplied to SEZ in same state. No shipping bill no.

But.,

Refund application ask shipping bill no.

What can I do...?

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S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 22 February 2019

Originally posted by : Bhavya
	Dear Madam, LUT Bond(Letter of undertaking Bond) is for non payment of taxes in case of Exports and SEZ mentioning this number is mandatory for all the Export &SEZ invoices if you want Tax exemption. regards, Bhavya.P

Madam.,

Can You explain or give details for Exports & it's ddocuments...

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 25 February 2019

WHEN YOU INPUT THE GSTN OF SEZ , IT AUTOMATICALLY SELECT PARTY AS SEZ.....NO QUESTION OF SHIPPING BILL TO BE ENTER THEREIN,,, JUST PROVIDE INV.NO. & LEAVE BLANK THE SHIPPING BILL COLUMN (ENTER IT IN B2B IN GSTR 1)