GST
Selected wrong financial year in LUT
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
The LUT applies to the financial year selected in RFD-11. If the wrong year was chosen, the current year has no valid LUT on record. File a fresh LUT for the correct year.
Provisions and law
- Circular 8/2017-GSTLUT available to all exporters except those prosecuted for evasion above ₹250 lakh; valid for the financial year; deemed accepted if not accepted within 3 working days
- Rule 96A, CGST Rules 2017LUT for the financial year
Analysis
The portal lists LUTs under View My Submitted LUTs with the year. A wrong-year LUT does not protect current exports. File the right one now and, if any invoices were raised in the gap, keep a condonation request ready.
Conclusion
- Check View My Submitted LUTs.
- File a new RFD-11 for the correct year.
- Update the ARN on invoices.
- Keep a note of the error with both acknowledgements.
A Savvy can do this for you
LUT filing RFD-11 for exporters
₹999
Get this doneAsk a Savvy on WhatsAppGeneral guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.