Chartered Accountant
2414 Points
Posted on 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.