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LUT under GST: How to Export Without Paying IGST
Understand the Letter of Undertaking and how it lets exporters make zero-rated supplies.
A Letter of Undertaking (LUT) allows exporters to supply goods and services without paying IGST upfront, freeing up working capital. Here's what you need to know.
What Is an LUT
It's a declaration filed on the GST portal that lets you make zero-rated exports without the integrated tax.
Filing and Validity
An LUT must be filed at the start of each financial year and is valid for that year.
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LUT (Letter of Undertaking)
File your LUT to make zero-rated exports without paying IGST and keep your working capital free.