What is LUT Letter of undertaking | letter of undertaking in hindi by Paresh Solanki

This is a quick video detailing the letter of undertaking for export businesses. The full form of LUT is Letter of Undertaking. It is a document that exporters can file to export goods or services without having to pay taxes. Under the new GST regime, all exports are subject to IGST, which can later be reclaimed via a refund against the tax paid. Given the difficulties faced by many exporters in processing of tax refunds, alternative options can seem very attractive. An LUT spares exporters the effort of pursuing a refund and eliminates the blocking of funds by way of tax payments. Its filing can be done online, making it super-easy and quick. The LUT is also beneficial for regular exporters. An LUT once filed remains valid for the entire financial year. The submission of a few supporting documents along with the specified LUT form is sufficient to set the ball rolling, and help exporters save much-needed working capital from getting stuck in tax refunds. Thank you once again for watching the video! I hope you liked it! Please leave your valuable comments below. Subscribe to our channel for staying tuned with upcoming videos." OnlineExim.com By Paresh Solanki International Export-Import Business Training Center For More Information Call : +91 97147 79191 Visit : www.onlineexim.com For Latest Export Import Update Join Telegram Channel : https://t.me/pareshsolankioes Join Exclusive Free Seminar : https://forms.gle/LHKUZvAUjpG36cdA6 Download Online Exim Export Import App Android App : http://shorturl.at/oqN45 iOS App : https://apple.co/3p6WML7 Playlist : Product Knowledge : https://bit.ly/3p2jBQg Country Profile : https://bit.ly/3nR8iZQ How to Start Export Import Business : https://bit.ly/3r9WxRl Gulfood Dubai 2020 : https://bit.ly/2LHHpdw Live Streaming Q & A Session : https://bit.ly/34ul9ua Stay Connected with us : FaceBook :   / pareshsolankioes   YouTube :    / pareshsolankioes   Linkedin :   / pareshsolankioes   Instagram :   / pareshsolankioes   Twitter :   / pareshsolanki_   Telegram : https://t.me/pareshsolankioes #LUT#GSTLUT#GoGlobal #PareshSolanki#import​ #export​ #course​ #ExportImportbusiness​ #importexport​#ExportImportcourses​ #importcourses​ #exportcourses​ #videoonexportimport​, #motivationalvideo​ #startexportimport​#onlinestudy #onlineexportimport #exportimportonline #trainingvideoexportimport