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Submit fresh LUT for exports w.e.f. 01.04.2018

As per the Circular No. 8/8/2017-GST dated 04.10.2017, the LUT shall be valid for the whole Financial Year in which it is tendered. Thus, the LUT obtained during FY 2017-18 shall be valid till 31st March, 2018. Exporters who intend to export under LUT are advised to submit fresh LUT for exports w.e.f. 01.04.2018.

As you are aware, exports of goods & services can be made without payment of integrated tax under provisions of Rule 96A of CGST Rules. Under the said provisions, an exporter is required to furnish a Bond or LUT to the jurisdictional Commissioner before effecting zero rated exports/supplies.

As per the Circular No. 8/8/2017-GST dated 04.10.2017, the LUT shall be valid for the whole Financial Year in which it is tendered. Thus, the LUT obtained during FY 2017-18 shall be valid till 31st March, 2018. Exporters who intend to export under LUT are advised to submit fresh LUT for exports w.e.f. 01.04.2018.

All concerned exporters are advised to act accordingly to avoid any inconvenience in exporting the goods.

Source- FIEO Letter to Its Members

View Comments (18)

  • Please read the circular.
    As per the Circular No. 8/8/2017-GST dated 04.10.2017, the LUT shall be valid for the whole Financial Year in which it is tendered. Thus, the LUT obtained during FY 2017-18 shall be valid till 31st March, 2018. Exporters who intend to export under LUT are advised to submit fresh LUT for exports w.e.f. 01.04.2018.

    All concerned exporters are advised to act accordingly to avoid any inconvenience in exporting the goods.

  • We have submitted application for LUT for the year 2018-19 on 31,03.2018. As per ARN acknowledgement the Jurisdiction is showing State GST DC. On 2nd Aprll,18 we approached to DC SGST he says that he is not aware about LUT. And on his system is not showing ant LUT for approval. Can we send the consignment for export stating only ARN no. .

  • It is advisable to submit LUT application manually together with the documents required to be attached.However, an online application may also be submitted in the portal and an acknowledgement from the portal should be printed and attached with the manual application.It is understood that there are technical glitches in the GST portal, on which the authorities are believed to be working.

  • If I never obtained LUT before and i want to opt for the same now, what are the requirements that i need to submit ?

  • I have export done in month of July 17 to Oct 17 without payment to Igst but said period we have not apply for lut , so any provision in Gst regin ,those are not apply Lut in early period or any relaxation given.

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