Setting up the LUT Bond Details

For sales transactions for export (International) with the payment of Tax we must setup a LUT or Bond details record. After creation we can apply the same to the transaction if the Export Type is set to With LUT or Bond.

To setup a LUT or Bond details

1. Go to Setup > India Localization > GST Tax Rate Rules.
2. Click the LUT and Bond Details subtab.

3. Click New LUT or Bond Details.

4. on the LUT or Bond Number field, enter the LUT or Bond number that will be applied to the export
transaction.

5. In the LUT or Bond Value field, enter the LUT or Bond value that will be applied to the export
transaction.

6. Enter effective period for this record in the Effective From and Valid Until fields.
7. Click Save