Letter of Undertaking under GST

Letter of Undertaking is abridged as LUT. The Letter of Undertaking is a record put together by the exporter to trade labor and products without the installment of assessments. In the event that the LUT isn’t documented, the exporter might trade by installment of IGST and afterward guarantee the discount of assessment paid. Documenting LUT is helpful than discount mode as the exporters don’t wish to enjoy into problems of discounts and square their assets. The qualification standards to apply for LUT is relatively loose than to the past framework.

Letter of Undertaking is recorded web based utilizing the structure GST RFD 11. By recording LUT, the exporter attempts that every one of the prerequisites endorsed for this course will be satisfied by him.