Exporting goods and services from India requires careful navigation of the GST framework, particularly when it comes to managing taxes like Integrated GST (IGST). To facilitate exports and reduce the financial burden on exporters, the GST law provides two primary options: the Letter of Undertaking (LUT) and a Bond. Both […]
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Understanding the Letter of Undertaking (LUT) in GST: A Comprehensive Guide
In the complex world of international trade, managing taxes efficiently is crucial for exporters. The Indian Goods and Services Tax (GST) regime offers a mechanism that significantly eases the financial burden on exporters: the Letter of Undertaking (LUT). By leveraging the LUT, exporters can ensure a seamless export process without […]
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