Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Supply to SEZ unit in USD, Goods and Services Tax - GST

Issue Id: - 114151
Dated: 18-9-2018
By:- Yatin Bhopi

Supply to SEZ unit in USD


  • Contents

Dear expert

We are manufacturer and supplying goods to SEZ unit under LUT. One of our SEZ customer requested to supply goods in USD. Please let me know

1. Is this allowed

2. Are we need to raised GST invoice in USD.

If this is allowed please share circular \ Act \ Rules references

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 18-9-2018
By:- PAWAN KUMAR

Dear sir,

No such provision in GST Rules as per my understanding. You may issue gst tax invoice supported with other commercial invoice which currency of USD can be written.


2 Dated: 19-9-2018
By:- Yash Jain

Sir,

For point no. 1: Yes, invoice can be raised in USD or any other freely convertible currency for export to SEZ. Refer para 4 (III) , of Foreign trade policy, please.

For point no. 2 : Yes, we need to raise get invoice in terms of sec 31, which should on face mention, " supply of goods meant for sez under bond/lut" Or by way of payment of igst.


3 Dated: 19-9-2018
By:- PAWAN KUMAR

Dear Yash Ji,

Request to share the provisions for your understanding regarding issue of GST invoice in USD.


4 Dated: 20-9-2018
By:- Yash Jain

Dear Sir,

Now in GST there no more exist concept of double Invoices i.e Commercial Invoice and GST Invoices.

Reason : If we register commerical Invoice with Customs and Give in GSTR return the Tax Invoice then there will be invoice mismatch.

The normal process what generally is followed is to mention USD in GST Invoice with Equivalent INR (2 Columns).

It will help to solve 2 purposes simultaneouly ie.

1. Bill Regularization Issues : A Bank will want GST Invoice and Not Commercial Invoice to Regularize the SEZ Bill (BRC In case we want to discharge our EPCG Obligation/Advance Authorization Obligation)

2. Only 1 Accounting Invoice : It would be simple to mention in narration or in reference only Details of Tax Invoices instead of mentioning the Details of Commerical invoice again in narration.

Regards


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates