LUT for exporters: what it is and how to renew it every year
A Letter of Undertaking lets you export without paying IGST upfront. Here is what it covers, who can file it, how to renew it each financial year, and the conditions that come with it.
Blog
Export compliance, explained plainly
Practical guides on LUTs, export invoices, GST reporting, exchange rates, realisation and working with your CA.
GST
GST
What must an export invoice contain under GST? A field-by-field checklist
The GST rules set out exactly what a tax invoice must show, with extra requirements for exports. Use this checklist before the next invoice goes out.
Exchange rates
Which exchange rate should you use on an export invoice?
The rate for GST valuation, the rate on the shipping bill and the rate your bank actually gives you are three different numbers. Here is how they fit together.
Realisation
Getting paid: export realisation, FIRA and e-BRC explained
Shipping the goods is half the job. Here is how realisation works, which proofs you need, and why bank charges deserve a line of their own.
GST
Reporting exports in GSTR-1: Table 6A, shipping bills and refunds
Exports have their own table in GSTR-1, and getting it right decides how smoothly your refund goes. A practical walkthrough.
CA
The year-end export pack your CA will ask for (and how to keep it ready)
Every March, exporters scramble for the same documents. Here is the list your CA will ask for, and a way to keep it ready all year.
GST
Export of services under GST: when is it really zero-rated?
Billing an overseas client is not automatically an export. Five conditions decide it, and the place-of-supply rules decide the rest. A practical walkthrough for IT, design and consulting firms.
GST
IGST refund on exports stuck? The usual reasons and how to fix them
When you export goods on payment of IGST, the shipping bill is your refund claim. Here is what has to line up for the money to move, and what to check when it doesn't.
Invoicing
Invoice numbering for exporters: series, prefixes and the 16-character rule
A good invoice number is boring: unique, consecutive, short and the same everywhere it appears. Here is how to design a series that survives GST, customs and your CA.
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