Under GST Act, the letter of undertaking is a document that is provided by the user in declaring the fulfillment. The GST LUT filing in Agra is done in case there are any exports made without the payment of IGST. It is mandatory to furnish the GST LUT if the exports are going to happen without paying the IGST.
If the individual fails to file the GST LUT, then he has to pay the IGST or furnish the export bind. GST LUT filing in Agra is completely online. IndiaFilings can help you with the same.
GST LUT filing in Agra is to be done by a person who is intending to supply the goods or services:
An individual is eligible for GST LUT filing in Agra only if the following conditions are fulfilled:
GST LUT filing in Agra has to be done by all the exporters registered under GST. The exporters who are prosecuted for any offense and the tax evasions that are exceeding Rs. 250 Lakhs under the CGST or IGST Act, 2017 are not eligible to file the GST LUT in Agra. In such cases, it is necessary to furnish the export bond.
The Letter of Undertaking is to be provided on the letterhead of the person who has registered under the Goods and the Services Tax. The LUT is presented in the annexure to form GST RFD 11 is issued by the partner, MD, or the Company Secretary.
The GST LUT in Agra is valid for one whole financial year in which it is submitted. A new LUT is to be submitted for each financial year, in case the goods are not exported within three months of the invoice date then the exporter is liable to pay the GST with 8% interest in 15 days. Also, in case if the payment of the service is not received within a year for which the LUT has been submitted then the exporter is liable to pay the GST @18% within 15 days. Failure to file will result in the withdrawal of the GST LUT facility though it can be restored.
Talk to our GST Experts today, to know more about GST LUT in Agra.
IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.
One Person Company | Nidhi Company | Company Registration | Tax Notice | Indian Subsidiary | HSN Code | Section 8 Company | Trademark Search | USA Company Registration | FSSAI Registration | Import Export Code | ESI Registration | Proprietorship | GST Return Filing | Patta Chitta | PF Registration | Payroll | Business Tax Return Filing | PF Return Filing | Eway Bill | GST Registration | TDS Filing | Udyam Registration | Trademark Registration | Startup India Registration | Professional Tax | Personal Tax Filing | Check Company or LLP name Availability
Partnership | Limited Liability Partnership | Digital Signature | Copyright Registration | Unified Portal | PAN Card Download | Nadakacheri | Flipkart Seller | Caste Certificate | IAY | EPFO Passbook | Domicile Certificate | Udyog Aadhaar | PF Withdrawal | Karnataka One | Encumbrance Certificate | Bonafide Certificate | Instant PAN Card | E PAN Card | Income Certificate | Marriage Certificate | Passport Renewal | Nivesh Mitra | MSME Registration | Experience Certificate | Trademark Status | Trade License | Domicile | eMitra | UAN | PICME | Resignation Letter Format | Ration Card | TNREGINET | RAJSSP | LLP Compliance | Form 16 | Police Clearance Certificate | OBC Certificate | Jamabandi | Mee Bhoomi | SC Certificate | UAN Login | eAadhaar Download | Linking Aadhaar To Bank Accounts | mAadhaar | Aadhaar Enrollment Centre | UAN Passbook | Amazon How to Sell | PAN Card Apply | EPFO Unified Portal
We are available