![instabill]()
Instabill
|![instabill]()
Instabill - GST Invoice, Payment & Inventory Software
Download for FREE |
- Offers
![Offers]()
| - Learning Resources |
- LOGIN/SIGN UP |
- 8881069069
|We can help you file the Letter of Undertaking to save IGST payment on your exports.
Open Neo bank account worldwide & provides cross-border remittance solutions.
Facilitating Neo Banking Solutions & Corporate Credit Card to Startups
Trusted by Axis bank to cater its clients all licensing & compliance needs
Providing lending solutions for business needs with NeoGrowth
#1. Importance
of Undertaking or LUT is mandatory to be filed with the government if you want to export goods without payment of tax.
#2. Export Promotion
The main objective of government behind the introduction of LUT registration is the promotion of exports from India.
#3. IGST Free Export
You do not need to pay the IGST on exporting your goods if you carry a LUT certificate.
#4. Smooth Process
With LUT, you will be able to grab the global opportunities easily with comparatively less lengthy customs procedure.
#5. Saving more funds
On carrying LUT registration, you can avoid plugging your funds into paying IGST liability which can rather be utilized for boosting your export business.
#6. Saves Time
Gone are those days when you had to wait for months for getting the refund of taxes paid on exports. You can now conduct export without paying IGST.
LUT is an acronym for the Letter of Undertaking, which is a document filed by an exporter to get a relief from payment of IGST on exports. In order to boost exports, the government has provided the option of filing LUT for exporters to do exports without payment of IGST.
Earlier, the importers & exporters had to pay IGST on the purchases of input as well as on export of goods. However, they could claim the refund of GST, but that was a really long-drawn process.
As the small traders face the problem of an extreme liquidity crunch, the government has introduced the option of filing LUT Certificate, wherein they can now conduct exports on 0% IGST, by clearly specifying that their motive is export of goods.
#1. Upload the required documents & business details to our web portal.
#2. Consult our business advisor on how to File LUT for export.
#3. Our professional will verify the validity of documents & Information provided.
#4. On submission of details, LUT online application will be signed with EVC.
#5. Your LUT online application will be sent for approval by the GST Department
#6. On verification of details, the LUT will be successfully filed.
#1. GST Certificate
#2. Details of Witness
Those individuals can't apply for LUT registration who have violated any law or have been prosecuted for any offence under CGST Act, 2017 or IGST Act, 2017 or any existing laws in force, or in case the amount of tax evaded by them exceeds 2.5 crores.
Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.
Serving business owners with an Average 4.8+ Google Rating.
Trusted by Axis bank to cater its clients all licensing & compliance needs.
Providing lending solutions for business needs with NeoGrowth.
Open Neo bank account worldwide & provides cross-border remittance solutions.
E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment.
E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.
E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.
Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Sole Proprietorship Firm | Section 8 Company Registration | USA Company Registration | UK Company Registration | UAE Company Registration | Singapore Company Registration | Company Registration Hong Kong | Import Export Code | IEC Modification | AD Code Registration | Spice Board Registration | US FDA Certification | ISO 9001 2015 | ISO 14001 EMS | ISO 22000 FSMS | ISO 27001 ISMS | ISO 50001 Energy Management | ISO 45001 | ISO Surveillance | ISO Certification | MSME Registration | FSSAI Registration | Shop Establishment Registration | Barcode Registration | Coffee Board Registration | Startup India Certificate | ZED Certification | Trademark | Trademark Objection Reply | Trademark Opposition | Trademark Hearing | Trademark Formality Check Fail | Website Development | Patent | Copyright | Design Registration | Business Name Suggestion | Logo Designing | Trademark Assignment Service | GST Registration | GST Modification | GST Cancellation | GST Return Filing | GST Invoice Software | UIN Registration | Income Tax Return | Income Tax Notice | Income Tax Refund | Income Tax Assessment | TDS Return Filing | Form 15CA / CB | Professional Tax Registration | 12A and 80G Registration | FCRA Registration | CSR Registration | Project Report | Pitch Deck | Seed Fund Startup India | Accounting for Ecommerce | Virtual cfo services in india | Bookkeeping & Accounting | Private limited Company Annual Compliance | Form INC-22A | Form 15CA / CB | Company Strike Off | Commencement of Business | Fssai annual return | Online CA Consultancy | Income Tax Return Filling | LLP Annual Compliances | Form DIR-3 KYC | Virtual Office for Company Registration | Dubai Company Registration |
Instabill
