Purchase from URD for Exports, Goods and Services Tax - GST

[Kishan Barai]

As we all know that Exports are Zero Rated, government has provided the option that either exporters are eligible for ITC or DBK (any one of them) so if purchased from URD is made by merchant exporter to export in international market, how accounting has to be adjusted? What if purchase is above 5000 INR formula. Why merchant exporter pay under RCM as they are exempted & how he can procure against LUT from URD ??

Please enlighten in details.

Thank You

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

As per the notification dated 13.10.2017 the transactions from the unregistered dealers are exempted from GST up to 31.03.2018.