LUT validity

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22 Points Joined June 2018
Is LUT valid for whole financial year even though I applied for LUT in the mid of the year.?
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On 27 March 2021 at 10:51 Report
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Chartered Accountant in Practice
1260 Points Joined June 2019

An LUT is valid only up to 31st March of that financial year. If LUT is furnished on 30.09.2020, then the same will be valid till 31.03.2021. A fresh LUT has to be furnished for the next FY i.e., 2021-22.

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On 27 March 2021 at 12:05


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