Home Forum Goods and Services Tax - GST Month 7 2023 2023 (7) This
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Export of Goods with payment of Tax - Goods and Services Tax - GSTExtract Facts of the Case: Party A exports material with payment of Tax. The GST Tax Invoice is prepared where Tax is paid on material only. Freight Value is shown in the Invoice but tax on freight is not calculated and paid.. The Export is made under CIF value. In Commercial Invoice, a break up is given as under Material Valu Freight Valu Total Amt Buyer has made full payment i.e. of material and freight. In shipping bill break up is shown as FOB Value and Freight Value Since GST was not paid on freight hence refund received to the extent of Tax paid i.e. on the material exported. Query 1) Is the above process correct 2) If GST is to be paid on freight then will one get auto refund of the tax paid on freight 3) Now if Party A decides to pay tax with interest for prior period for the freight shown on Invoice then will the party get refund of tax? If yes what would be the process 4) Is there any way of paying Tax on freight and take ITC on the same?
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