• Intent to Supply: The applicant should intend to supply goods or services within India, to foreign countries, or to Special Economic Zones (SEZs).
• GST Registration: The entity seeking to avail the benefits of an LUT should be registered under the GST framework.
• Tax-Free Supply: The desire to supply goods without the imposition of integrated tax is an essential requirement for LUT application.

• Zero-rated supply to SEZ: Exporting to Special Economic Zones (SEZs) without IGST payment.
• Goods Export: Exporting goods to a country beyond India without IGST payment.
• Service Export: Providing services to clients in foreign countries without IGST payment.

• LUT Cover Letter: A request letter signed by an authorized person.
• Eligibility: Ensure you meet eligibility criteria (no serious tax evasion cases).
• Copy of GST Registration: Proof of your GST registration.
• PAN Card of Entity: Identification using PAN card.
• KYC of Authorized Person: ID and address proof of authorized person.
• GST RFD 11 Form: Application form for LUT.
• Copy of IEC Code: If involved in exports.
• Canceled Cheque: From your associated bank account.
• Authorized Letter: Granting power to the authorized signatory.

• Validity Period: An LUT remains valid for a year, starting from the submission date.
• Conditional Acceptance: The acceptance of an LUT comes with specific terms. Failing to meet these conditions might lead to privilege revocation. In such cases, an entity may need to provide a bond.
• Alternative Bonding: Entities ineligible for LUT registration can still furnish a bond. This bond, usually on non-judicial stamp paper, requires a bank guarantee. The adhesive should cover the anticipated tax liability based on exporter assessment.
• Official Letterhead: LUT submissions must be on the registered entity's letterhead. This letterhead is from the entity planning to supply goods/services without integrated tax payment.
• Prescribed Form: An LUT must be applied through the official GST RFD-11 form. This form can be submitted by authorized personnel like the MD, company secretary, or partners in a firm.
• Flexible Filing: In the case of a company, the form can be submitted by a partner in a partnership firm or the proprietor.
• Bank Guarantee Limit: The accompanying bank guarantee should be at most 15% of the bond amount. The jurisdictional GST Commissioner might waive this requirement.

Staying mindful of these details helps ensure a smooth process while dealing with LUT bonds under GST regulations.