https://www.taxtmi.com/forum/issue?id=113203 Letter of Undertaking (LUT) is an alternative to a bond or bank guarantee permitting export of goods or services without payment of integrated tax under rule 96A. FORM GST RFD-11 prescribes particulars for bank guarantees, a declaratory undertaking to export within specified time, compliance with GST provisions, and liability to pay integrated tax with interest if exports fail. LUT approval requires application to the GST range office with IEC, GSTIN, export certificates and a request letter; the department may invoke guarantees or require payment on noncompliance. en-us Fri, 15 Dec 2017 11:15:37 +0530 Thu, 23 Jan 2025 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113203 Letter of Undertaking (LUT) is an alternative to a bond or bank guarantee permitting export of goods or services without payment of integrated tax under rule 96A. FORM GST RFD-11 prescribes particulars for bank guarantees, a declaratory undertaking to export within specified time, compliance with GST provisions, and liability to pay integrated tax with interest if exports fail. LUT approval requires application to the GST range office with IEC, GSTIN, export certificates and a request letter; the department may invoke guarantees or require payment on noncompliance. Discussion-Forum GST Fri, 15 Dec 2017 11:15:37 +0530 https://www.taxtmi.com/forum/issue?id=113203