LUT and IEC for exporters

LUT and IEC for exporters

What this means, checked by a CA

Exporting? File an LUT so you invoice without paying IGST, keep FIRC for every receipt, and get an IEC if you import or export goods.

Quote

One time, fixed after a quick look

  • One time

This is an add-on. You book it with its main plan. Add it to the main plan

How we do it: IDFD

Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.

InformationWhat we need from you · 5 items
  1. PAN (business and owners)

    Identity on every filing

  2. Aadhaar of owners / directors

    KYC and e-verification

  3. Business bank statement

    Money in and out

  4. GST access

    LUT

  5. Export contracts / invoicesOptional

    Proof

DiscussionWhat we discuss · 2 items
  1. Export goods or services?

    IEC need

  2. Receiving in foreign currency?

    FIRC

FormsForms we file · 2 items
  1. RFD-11 LUT

    Before first export of the year

    Where: https://www.gst.gov.in. Due: Before first export of the year

  2. IEC application

    Before goods are shipped

    Where: https://www.dgft.gov.in. Due: Before goods are shipped

DeliverablesWhat you get · 1 item
  1. LUT acknowledgement, IEC

    Export invoices without IGST

    When: 1–3 days

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