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The Hon’ble Delhi High Court in Alkesh Tacker HUF set aside rejection of refund of unutilized Input Tax Credit (“ITC”) worth Rs. 10.05 lakhs on zero-rated exports. The Court held that the Department’s ground that the Letter of Undertaking (“LUT”) was filed “after exports” was specious and untenable, since actual exports commenced only post filing of LUT.
The Gujarat, AAR in the matter of M/s. Waaree Energies Limited held that the SEZ unit are not required to pay GST under RCM on any service received from suppliers located in the DTA for carrying out the authorized operation in the SEZ unit, provided that a LUT or bond as a deemed supplier of such services is furnished as mentioned in Notification 37/2017-Central Tax dated October 04, 2017.
GSTN has enabled the functionality to furnish a Letter of Undertaking (LUT) for the Financial Year 2024-2025 on the GST Portal. The same is required to be submitted on or before 31.03.2024. The LUT is required for Exports and Special…
Letter of Undertaking (LUT) application for F.Y. 2023-24 can be filed any time now in GSTN.