Letter of Undertaking permits export without integrated tax, subject to eligibility, execution and timely tax compliance. Extension of the facility to furnish a Letter of Undertaking in place of a bond allows registered persons to export goods or services without payment of integrated tax, subject to eligibility excluding persons prosecuted for certain offences. The LUT must be furnished on the exporter's letterhead in duplicate using the FORM GST RFD 11 annexure and executed by an authorised signatory. Failure to pay tax and interest within the prescribed period withdraws the LUT facility; payment of the specified amounts restores it. The rules apply mutatis mutandis to zero rated supplies to or by SEZ developers or units.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of Undertaking permits export without integrated tax, subject to eligibility, execution and timely tax compliance.
Extension of the facility to furnish a Letter of Undertaking in place of a bond allows registered persons to export goods or services without payment of integrated tax, subject to eligibility excluding persons prosecuted for certain offences. The LUT must be furnished on the exporter's letterhead in duplicate using the FORM GST RFD 11 annexure and executed by an authorised signatory. Failure to pay tax and interest within the prescribed period withdraws the LUT facility; payment of the specified amounts restores it. The rules apply mutatis mutandis to zero rated supplies to or by SEZ developers or units.
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