Under CGST Rules,2017, any registered person can furnish an Export bond or LUT in GST RFD 11 without paying the integrated tax. They can apply for LUT if:
- They intend to supply goods or services to India or overseas or SEZs
- Are registered under GST
- They wish to supply goods without paying the integrated tax.
Documents Required for LUT under GST:
An LUT can be submitted by any individual who is registered under GST provided he has not been executed in case of tax evasion exceeding Rs.250 lakh or any other offense.
- LUT cover letter - request for acceptance - duly signed by an authorized person
- Copy of GST registration
- PAN card of the entity
- KYC of the authorized person/signatory
- GST RFD11 form
- Copy of the IEC code
- Cancelled Cheque
- Authorized letter