Supply sez with lut

Page no : 2

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 27 April 2018

Thank You Sir for Your detailed replies...

Please one more question...

We don't have any LUT or bond...

Now how to I prepare or Apply or Where I get the LUT...?

What are the procedures....?

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CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 27 April 2018

No issues if you dont have LUT.

Procedure is as follows:-

Login to GST portal-> Services -> User services -> Furnish LUT -> fill the details -> you will require 2 witness -> sign and file with using DSC or EVC

1 Like

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 28 April 2018

If i'll go to today apply LUT under GST....

Who can prepare as witness...?

Can I supply to SEZ unit with i apply today...? if yes

How to I prepare Invoice?

CA Shivam Arora (Chartered Accountant) (2414 Points)
Replied 28 April 2018

As per Circular No. 40/14/2018-GST, "An LUT shall be deemed to have been accepted as soon as an acknowledgement for the same, bearing the Application Reference Number (ARN), is generated online". Therefore you can start exporting after ARN has benn generated.

Prepare invoice without charging IGST and write "SUPPLY MEANT FOR SEZ/SEZ DEVELOPER UNDER LUT WITHOUT PAYMENT OF INTEGRATED TAX".

Any 2 independent witness i.e. director in case of a company or any other person other than authorised signatory.