GST Portal Activates LUT Filing for FY 2025-26: Ensure Seamless Exports Without IGST

The GST portal has activated the filing of Letter of Undertaking (LUT) for the financial year 2025-26, ensuring that businesses engaged in export activities can seamlessly continue their operations without the need to pay Integrated Goods and Services Tax (IGST). The LUT is an essential document for exporters, enabling them to export goods or services without upfront tax payment, thus improving cash flow. This development is expected to simplify processes for businesses and improve the ease of doing business in India. By ensuring that exporters do not have to bear the IGST burden upfront, the government is encouraging exports, aiming to boost the country's international trade and competitiveness in the global market.