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of <h1>Tamil Nadu Clarifies LUT Submission for Exporters Under IGST Act, Extending Eligibility with Conditions on Tax Evasion History.</h1> The Tamil Nadu Commercial Taxes Department issued a circular clarifying the submission of a Letter of Undertaking (LUT) for exporters under the IGST Act, allowing exports without integrated tax payment. The circular, following Notification No. 37/2017-Central Tax, extends LUT eligibility to all registered exporters, excluding those prosecuted for tax evasion over INR 250 lakhs. The LUT is valid for the financial year, and if export deadlines aren't met, the facility is withdrawn but can be restored upon payment. The circular outlines procedures for submitting bonds, self-declarations, and bank guarantees, and clarifies tax implications for various transactions, including those with EOUs and SEZs.
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