GST LUT Filing (Annual)

GST LUT Filing (Annual) – An Overview

GST LUT (Letter of Undertaking) Filing is a facility available to eligible exporters that allows them to export goods or services without paying Integrated Goods and Services Tax (IGST). The LUT must be filed online on the GST Portal at the beginning of every financial year to continue availing this benefit.

Businesses engaged in the export of goods, export of services, or supplies made to Special Economic Zones (SEZs) can furnish an LUT instead of paying IGST on exports. Filing the LUT annually helps improve cash flow by eliminating the need to pay tax upfront and later claim a refund.

Failure to furnish a valid LUT may require the exporter to pay IGST on exports, increasing working capital requirements and affecting business operations.

At CAANYTIME, we provide complete assistance in preparing, filing, and obtaining the Letter of Undertaking (LUT), ensuring exporters remain compliant and continue enjoying tax-free exports.

Benefits of GST LUT Filing

Export Without Payment of IGST

Allows eligible exporters to export goods or services without paying Integrated GST.

Improves Working Capital

Eliminates the need to block funds by paying IGST and waiting for refunds.

Faster Export Operations

Facilitates uninterrupted exports with a valid LUT.

Simplifies GST Compliance

Ensures compliance with GST provisions applicable to export transactions.

Reduces Refund Dependency

Minimizes the need to file refund applications for IGST paid on exports.

Annual Compliance

Keeps export activities compliant throughout the financial year.

Enhances Business Efficiency

Enables exporters to focus on business growth without tax-related delays.

Who Can Apply for GST LUT?

GST LUT Filing is applicable to:

• Exporters of Goods
• Exporters of Services
• Merchant Exporters
• Manufacturers Exporting Goods
• SEZ Suppliers
• E-commerce Exporters
• Software Exporters
• Consultancy Service Exporters
• Freelancers Exporting Services
• Businesses Making Zero-Rated Supplies

Documents Required for GST LUT Filing

The following documents are generally required:

• GST Registration Certificate
• GSTIN
• PAN Card
• IEC (Import Export Code), if applicable
• Authorized Signatory Details
• Aadhaar Card
• Digital Signature Certificate (where applicable)
• Authorization Letter / Board Resolution (for Companies/LLPs)
• Previous LUT (if available)
• Other Supporting Documents, if required

Procedure for GST LUT Filing

Step 1: Eligibility Verification

Our experts verify whether the applicant is eligible to furnish an LUT under GST.

Step 2: Document Collection

Required documents and business details are collected and verified.

Step 3: Preparation of LUT Application

The Letter of Undertaking is prepared in the prescribed format.

Step 4: Online Filing

The LUT application is filed electronically through the GST Portal.

Step 5: Verification & Submission

The application is reviewed and submitted for processing.

Step 6: LUT Acknowledgement

After successful filing, the LUT acknowledgement becomes available on the GST Portal and remains valid for the relevant financial year.

Why Choose CAANYTIME for GST LUT Filing?

At CAANYTIME, we help exporters complete their annual LUT filing quickly and accurately to ensure uninterrupted export benefits under GST.

Our services include:

• LUT Eligibility Assessment
• Document Verification
• Online LUT Filing
• GST Compliance Support
• Export Documentation Guidance
• Annual LUT Renewal Assistance
• Expert Advisory
• Dedicated GST Support