GST UPDATEZ ON 29-01-2025 by R.SRIVATSAN, IRS, NACIN, CHENNAI
The GST Portal has now enabled the functionality to file the Letter of Undertaking (LUT) GST-RFD-11, for the Financial Year 2025-26.
The registered entities, making Zero Rated Supplies for Exports and suppliers to Special Economic Zones (SEZ) must renew their LUT annually, as the existing LUT for FY 2024-25 will expire on March 31, 2025.
A valid LUT allows registered business entities to export goods or services and supply to SEZs without the payment IGST.
Without an LUT, taxpayers must either:
Pay IGST upfront and claim a refund later using Input Tax Credit (ITC) or cash.
or
Furnish an export bond, which adds to compliance efforts.
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Steps to File LUT for FY 2025-26
1. Log in to GST Portal
2. Go to www.gst.gov.in and log in with credentials.
3. Navigate to LUT Filing Section.
Click on Dashboard > Services > User Services > Furnish Letter of Undertaking.
4. Select Financial Year by choosing FY 2025-26 for filing the LUT.
5. Attach required Documents upload the LUT for FY 2024-25 and fill in the required details.
6. Submit the Application
Complete the declaration checkboxes and submit your LUT application.
7. Upon submission, the portal generates an Application Reference Number (ARN), which serves as the LUT number.
8. This ARN must be included on invoices for all exports and SEZ supplies made without IGST payment.
Well…..
Filing LUT for FY 2025-26 without delay will ensure compliance and avoid unnecessary IGST liabilities on exports or SEZ transactions.
Early filing also guarantees uninterrupted export operations and simplifies the entire process.
Also Read: Generation Date of Draft GSTR 2B for December 2024 & action in IMS
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