How to renew LUT in GST portal
To renew your LUT (Letter of Undertaking) on the GST portal, log in with your credentials and navigate to Services, then User Services, and select Furnish LUT. Click on the existing LUT reference number, then choose the option to file a new LUT for the upcoming financial year. Fill in the required details, upload supporting documents if needed, and submit the form with a digital signature. The system will generate a new LUT reference number valid for the next year. Exporters should renew their LUT before the start of each financial year to continue LUT for tech service export without paying IGST.
Once your LUT is renewed, platforms like Skydo can help you receive export payments quickly and compliantly. Skydo is RBI-authorised and designed specifically for Indian exporters, offering competitive rates and faster processing than traditional banking channels for cross-border transactions.