Validity of Letter of Undertaking (LUT), Goods and Services Tax - GST

[Venukumar HJ]

Dear All,

Please clarify me.

We are having letter of undertaking valid up to 30th June 2018. I read some where 2017-18 LUT is valid up to 31st March, 2018. for the year 2018-19, we have to apply for new LUT in April 2018 itself, still our old LUT valid till 30th June 2018.

Thanks,

Regards,

Venu

Posts / Replies

[KASTURI SETHI]

If online facility in Common Portal System is operative, prefer apply afresh. Second choice is manual. Since LUT filed manually is valid till 30.6.18, no need to file afresh manually.

Manual filing is viable/required only in the absence of facility on Common Portal System due to glitches.

[YAGAY AND SUN]

Despite of having a valid LUT, It is highly recommended that you must apply afresh.

[YAGAY AND SUN]

LUT shall be deemed to be accepted on Generation of ARN, No Documents required to be physically submitted to Jurisdictional Office: CBIC

In a recent circular issued by the Central Board of Indirect Taxes and Customs (CBIC), the board made clarifications on issues related to the furnishing of Bond / Letter of Undertaking ( LUT ) for exports. The circular clarified that a Letter of Undertaking (LUT) shall be deemed to be accepted as soon as an acknowledgement bearing the Application Reference Number, is generated online. It further clarified that no documents are required to be physically submitted to the jurisdictional office for acceptance of LUT. The Circular also stated that if an exporter’s LUT has been accepted and later if it was discovered that the exporter was ineligible to furnish a LUT in place of a bond, then the LUT will be liable for rejection and such LUT shall be deemed to have been rejected from the very beginning.

The Circular was issued upon receiving various queries from the field formations and exporters regarding a technical glitch that the LUTs submitted via online in FORM GST RFD-11 on the common portal were not visible to the jurisdictional officers of the Central Board of Indirect Taxes and Customs (CBIC) and of a few states.

[GORAKHNATH KHARADE]

Dear Sir,

online LUT is submitted and ARN number is generated but not shown validity date ,please clarity

Regards

Gorakhnath

9920200983

[KASTURI SETHI]

The party would be able to export on the basis on ARN. Regarding validity, issue can be taken up later on. The date of generation of ARN is most relevant for the time being. If the part finds any problem, then write to grievance cell.

[YAGAY and SUN]

The validity LUT of is only for One Financial Year.