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Export of service


Jamil Ahmed   22 February 2021

Jamil Ahmed

 30 likes  542 points

| My Other Post
Do I have to submit LUT if my turnover is below 20 lakhs?
Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     22 February 2021

Rama chary Rachakonda
Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294 
 101 likes  1679 points

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Who can use Letter of Undertaking (LUT) and Bonds for exports. Any registered taxpayer exporting goods or services can make use of LUTs. However, any person who has been prosecuted for tax evasion for an amount of Rs. 2.5 Crores or above under the act is not eligible to furnish LUTs.


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