LUT in GST Furnish LUT in GST, to Sell without Payment of IGST
LUT in GST stands for Letter of Undertaking. It is a document that exporters can file to carry out exports without payment of IGST. Earlier, exporters had to pay IGST on exports and then claim a refund of the same. This caused cash flow problems for exporters as the refund process was time-consuming. To address this issue, the government introduced LUT in GST. Apply for Letter of Undertaking for GST