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GST and Licence/Authorisation/Invalidation issued by DGFT., Goods and Services Tax - GST

Issue Id: - 110753
Dated: 5-8-2016
By:- Narendra Soni

GST and Licence/Authorisation/Invalidation issued by DGFT.


  • Contents

Dear Export

Please suggest:

Whether we would be able to import tax free raw material under advance authorisations issued by Jt.DGFT after implementation of GST Act ?

Similarly, Whether we would be able to import tax free capital goods under EPCG authorisations issued by Jt.DGFT after implementation of GST Act ?

Whether tax free procurment from domestic sources would be made under invalidation of Advance authorisation OR EPCG licences issued by Jt.DGFT after implementation of GST Act ?

Posts / Replies

Showing Replies 1 to 8 of 8 Records

Page: 1


1 Dated: 5-8-2016
By:- MADAN RAHEJA
Dear Sir, As yet only Constitutional amendment bill has been passed by Rajya Sabha and main laws/rules/proceedure relating to GST are yet to be formulate. Although, not major changes in respect of export promotion schemes are expected, yet let us wait for GST law to be formulated.

2 Dated: 5-8-2016
By:- KASTURI SETHI

Sh. Narendra Soni Ji,

The present sops/benefits/facilities likely to be continued. Customs Act would be out of GST.


3 Dated: 5-8-2016
By:- Ganeshan Kalyani

Sir, just to add to the reply given by my colleague experts.

Sir, presently under VAT /CST, interstate transaction - if stock transfer then no tax is charged when supported by Form F and - if Sale then 2% or less when supported by Form C. This scheme is going to vanish under GST. Under GST even on Interstate Branch Tranfer of goods IGST shall have to be paid, though credit shall be given.

Recently, I was going through VAT Circular of Chhattisgarh State where a scheme of Entry Tax exemption was given. A condition was given in the bottom line mentioning that 'the benefit shall be continue to be eligible till the date of implementation of GST.

In both the above instances it seems that the benefit under present tax regime may be there in GST. (This is my personal views only).

The main purpose of GST is seemless credit by levy tax on supply of goods/service. Thus such all things are mystery as of today.

Thanks.

 


4 Dated: 6-8-2016
By:- MUKUND THAKKAR

Narendra Soni Ji,

Advance Authorisation /EPCG authorisation is issued by MOC and GST will be handle by MOF . so donot worry about any export related benifit which you have taken at present.


5 Dated: 6-8-2016
By:- Ganeshan Kalyani

Sir, I was referring to CVD and SAD in import/export. Thanks.


6 Dated: 10-9-2016
By:- YAGAY AND SUN

Dear Mr. Soni,

Please refer following press release by digging out from FIEO's Website.

Press Releases
CONCERNS OF THE EXPORTS SECTOR IN THE GST REGIME: FIEO
FIEO/PUB/PR /29/16
August 30, 2016
CONCERNS OF THE EXPORTS SECTOR IN THE GST REGIME - PUT FORWARD BY FIEO IN THE MEETING OF EMPOWERED COMMITTEE OF STATE FINANCE MINISTERS ON GST


7 Dated: 11-9-2016
By:- Ganeshan Kalyani

Sir, thanks for sharing the update. Lot of discussions are going on and are to take place. But only after GST Council is set up a conclusion is expected to come. Thanks.


8 Dated: 17-5-2017
By:- Govind Gupta

is there any clarity on this query now


Page: 1

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