Who is eligible for appling LUT under GST regine?
4 Replies
Sarath Rajendran
(Nil)
(2791 Points)
Replied 28 July 2018
Letter of undertaking (LUT) is an undertaking to be given by Owner/Proprietor/Working Partner/Managing Director of an entity in case such entity is doing export business (i.e. export of goods or services or both) or supplying Zero rated goods or services to SEZ developer or SEZ unit.
Vignesh
(Finance executive)
(256 Points)
Replied 28 July 2018
I am asking Eligibility not about purpoe.whether any conditions are there to apply LUT
Prakash Chauhan
(172 Points)
Replied 28 July 2018
I want to know that if one expert want buy good @ 0.10 and sell by export @ o.10 then seller and buyer both hv to issue lut bond
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