File LUT for FY 2025-26 on GST Portal: Step-by-Step Guide
By: Admin
Date: January 27, 2025
Category: GST Portal Updates | Important News
Reading Time: 4 Minutes
The GST Portal now allows users to file the Letter of Undertaking (LUT) for the Financial Year 2025-26. Exporters and suppliers to Special Economic Zones (SEZs) must file a LUT to avoid paying IGST on their supplies. Since the current LUT for FY 2024-25 will expire on March 31, 2025, renewing it promptly is essential for maintaining compliance.
Why Should You File a LUT?
A valid LUT helps exporters and SEZ suppliers avoid IGST payments. Without it:
- IGST must be paid, which can only be reclaimed through Input Tax Credit (ITC) or cash.
- Alternatively, you would need to submit an export bond, which adds unnecessary compliance burdens.
By filing a LUT, you streamline your export operations and avoid delays caused by additional processes.
How to File a LUT for FY 2025-26?
Filing your LUT is straightforward. Follow these steps:
- Log in to the GST Portal.
- Navigate to Services: From the Dashboard, go to Services > User Services > Furnish Letter of Undertaking.
- Select the Financial Year: Choose 2025-26 from the dropdown menu.
- Attach Required Documents: Upload the previous year’s LUT and provide the necessary details.
- Complete the Form: Fill out the checkboxes and verify the information.
- Submit the Application: Once completed, submit the application.
Immediately after submission, the system generates an Application Reference Number (ARN). Use this ARN as the LUT number, which must be mentioned on invoices for exports or SEZ supplies made without IGST payment.
Key Reminder
File your LUT for FY 2025-26 as soon as possible to avoid IGST liabilities on exports or SEZ supplies. Acting early ensures uninterrupted compliance and prevents unnecessary complications.
Stay informed about GST portal updates to avoid missing critical deadlines.
