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LETTER OF UNDERTAKING FOR EXPORT UNDER GST/ Export Refund- In Hindi

LETTER OF UNDERTAKING FOR EXPORT UNDER GST/ Export Refund- In Hindi Knowledge about Process of Apply for LUT (Letter of Undertaking) for Export under GST Scheme.

How to furnish LUT in RFD-11 on GST Portal

All registered tax payers who export the goods or services will now have to furnish Letter of Undertaking (LUT) in GST RFD-11 form on the common portal of GSTN in order to make exports without payment of IGST.

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When to apply/file?- Letter of undertaking has to be filed /submitted online before exporting the goods/services.

Prior to this , exporters had to manually submit the filled and signed RFD-11 on Business letterhead in duplicate –

One to the Jurisdictional Deputy/Assistant Commissioner having jurisdiction over their principal place of business where the verification with the Export documents happens through ICEGATE medium
Another along with the Export documents to the Customs clearing authority.
Just like the earlier excise regime, this led to exporters losing considerable time and operating expense on this compliance.

Eventually, this process has now been rationalized and made simple & quick, giving transparency in the entire process of exports by an exporter to all the stakeholders involved.

Note that the Furnishing of Bond has to be on a non-judicial stamp paper and so needs a manual submission.

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