Setting Up the LUT or Bond Details
To process sales transactions for export without payment of IGST and with LUT or Bond, you must create a LUT or Bond Detail record. You can then assign the LUT or Bond Detail record to a sales transaction where the export type is With LUT or Bond.
You can select a LUT or Bond Detail record only if the sales transaction is within the effective period and with usable remaining LUT or Bond value.
To set up a LUT or Bond detail record:
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Go to Setup > India Localization > GST Tax Rate Rules.
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Click the LUT and Bond Details subtab.
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Click New LUT or Bond Details.
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In the LUT or Bond Number field, enter the LUT or Bond number that will be applied to the export transaction.
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In the LUT or Bond Value field, enter the LUT or Bond value that will be applied to the export transaction.
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In the Effective From and Valid Until fields, enter the effective period for this record.
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Click Save.