The Goods and Services Tax Network (“GSTN”) has enabled the functionality to furnish a Letter of Undertaking (“LUT”) for the Financial Year 2023-2024 on the GST Portal. Letter of Undertaking or LUT is prescribed to be furnished in form GST RFD 11 under rule 96A, whereby the exporter declares that he/she would fulfill all the requirements prescribed under GST while exporting without making IGST payment.
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