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LUT (Letter of Undertaking)
Indian Compliance Glossary
Definition
A document filed online on the GST portal enabling exporters of goods and services to make zero-rated transactions without paying IGST upfront.
Practical Example:
A developer filing an LUT can invoice US clients for USD 5,000 without charging or paying 18% tax.
Official Reference Portal:GST Portal Help Manual on LUT
Disclaimer
This compliance checklist is a general guide. Final regulatory obligations depend on your business structure and specific situation. We recommend professional review.