A unit is located in SEZ and has a GST registration
Piror to GST it has a BLUT issued by the Development commissioner of the SEZ in April 17
When the unit has enquired with the GST authority whether the Blut is valid or fresh LUT is required to be taken from the GST authority
The GST dept has mentioned that the BLUT is valid
Issue is the above correct stand or the SEZ unit should obtain a separate LUT
Please confirm
SEZ Unit Must Obtain New LUT Annually Despite Prior BLUT for Compliance with IGST Act Requirements A unit located in a Special Economic Zone (SEZ) with a Goods and Services Tax (GST) registration inquired whether its Bond-cum-Letter of Undertaking (BLUT) issued by the SEZ Development Commissioner prior to GST implementation remains valid or if a new Letter of Undertaking (LUT) is required from the GST authority. The GST department initially indicated that the BLUT is valid. However, it was advised that a separate LUT is necessary, as the SEZ unit is governed by the Integrated Goods and Services Tax (IGST) Act, requiring a fresh LUT each financial year. (AI Summary)
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