When GST started and that time we get LUT Acnolwledgement also for export and from that time we are submitted application for LUT in every financial year and we also get LUT acknowledgement online.
My query is, is any letter issued by the gst deptt as approval for the LUT and permisson for export or LUT acknolwdgement no is sufficient to continue for all financial year to make export invoices.
Pl advise.
LUT Acknowledgment Sufficient for Export Invoices; No Additional GST Approval Needed, Says CBIC Circular. A participant in a discussion forum inquired whether an invoice could be generated based on a Letter of Undertaking (LUT) acknowledgment for exports. They asked if any additional approval from the GST department was required or if the LUT acknowledgment number sufficed for making export invoices annually. The response clarified that the LUT acknowledgment is sufficient, referencing a specific circular from the Central Board of Indirect Taxes and Customs (CBIC) that provides guidance on the matter. (AI Summary)
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