LUT Bonds
- The applicant must be a registered GST taxpayer.
- The entity must be engaged in exports of goods or services.
- No pending GST dues from previous years.
- The LUT must be renewed annually for continued benefits.
- Tax-Free Exports – Export without paying upfront IGST.
- Better Cash Flow – No need to block funds for tax payments.
- Quick Processing – LUT approval usually takes 3-5 working days.
- Legal Compliance – Stay aligned with GST regulations to avoid penalties.
- 100% Online Submission – No physical paperwork required.
Documents Required for LUT Bond Filing
- GST Registration Certificate
- PAN of the Business Entity
- Authorized Signatory Details
- Export Invoices (if applicable)
- Previous LUT (if available)
- 3-5 working days from the date of document submission.
🔽 Consultation & Eligibility Check – We assess your eligibility and business type.
🔽 Document Collection & Verification – Our experts ensure all required documents are in place.
🔽 Preparation & Submission of LUT – We file the LUT on the GST portal.
🔽 Approval & Confirmation – You receive the LUT acknowledgment for hassle-free exports.
👉 What is an LUT Bond under GST?
An LUT Bond is a declaration that allows exporters to supply goods or services without paying IGST.
👉 Who needs to file an LUT?
Any registered business that exports goods or services and wants to avoid upfront GST payments.
👉 Is LUT mandatory for all exporters?
No, but if you don’t file an LUT, you must pay IGST first and later apply for a refund.
👉 How often should LUT be filed?
The LUT must be renewed every financial year.
👉 What happens if I don’t file an LUT?
You will be required to pay IGST on exports, affecting cash flow.
👉 Can an LUT be filed online?
Yes, LUT filing is done entirely through the GST portal.
👉 Is there a fee for LUT filing?
No government fee is applicable, but professional assistance may be required.
👉 What if my LUT application is rejected?
Errors in documents or pending GST dues can lead to rejection. Our experts ensure accurate filing to avoid this.
👉 Can I file LUT if I have GST dues?
No, LUT is granted only if no pending GST liabilities exist.
👉 Can an LUT be modified after submission?
No, once submitted, LUT cannot be revised. A fresh LUT must be filed if needed.
👉 How does Mitra assist in LUT filing?
We provide end-to-end support, ensuring quick approval and compliance with GST rules.
⏳ LUT Bond Filing Due Dates – Stay Compliant!
| Compliance Activity 📑 | Due Date 📅 | Consequence of Delay ⚠️ |
| Initial LUT Filing | Before making an export transaction | IGST must be paid, leading to cash flow issues |
| Annual Renewal of LUT | Before the start of the new financial year | Loss of tax-free export status, requiring IGST payment |
| Export Obligation Fulfillment | Within 3 months of invoice date | GST authorities may demand IGST payment with interest |
| Submission of Export Proof | Within the prescribed time limit | LUT benefits may be revoked |
🚨 Penalties for Non-Compliance
| Non-Compliance Issue ⚠️ | Penalty / Interest Rate 🔴 | Impact 📌 |
| Failure to File LUT on Time | IGST must be paid on exports | Cash flow gets blocked, affecting business liquidity |
| Delay in Export After Filing LUT | Interest at 18% per annum on unpaid IGST | Additional financial burden on exporters |
| Non-Submission of Export Proof | Revocation of LUT & demand for IGST payment | Business may lose GST benefits |
| False Declaration in LUT | Legal action & penalties under GST law | Possible rejection of future LUT applications |
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