GST Letter of Undertaking
The Letter of Undertaking (LUT) is required to be furnished in form GST RFD 11 under rule 96A, on the common portal of GSTN in order to make exports without payment of IGST. The LUT is valid for a period of twelve months from the date of submission.
Export Bond for GST
Entities which not eligible to submit Letter of Undertaking (LUT) have to furnish an export bond along with bank guarantee. The bond amount should atleast be equivalent to the estimated tax liability involved in the export as assessed by the exporter.
Running Bond
By furnishing a running bond, the exporter does not have to furnish bond a every time. However, if the outstanding tax liability on exports exceeds the bond amount at any time, then the exporter has to top up the additional liability.
Convenience with MY True Books
-
Our compliance champion will get in touch with you to understand your business
-
The compliance champion will share a checklist of documents and information required for filing.
-
Sit back and relax, Our team of experts will verify the documents and prepare your Letter of undertaking and mail the acknowledgement to you.
