Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
D. Forum
What's New


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

← Previous Next →

Export Of Used Capital Goods, Goods and Services Tax - GST

Issue Id: - 116036
Dated: 19-2-2020
By:- akula manikanth
Export Of Used Capital Goods

  • Contents

Dear All,

Greetings !!

We have imported some machinery in Oct 2019 UK & credit taken on based on the bill of Entry filed in same month GSTR-3B. Now due to some issues we are sending back machinery to UK Korea.

Now we want to understand whether 18(6) of CGST Act & 40 (2) CGST Rules will be applicable or Not ??? or With the LUT we can export the machinery without payment of GST ???

Please clarify me which one is correct.

Posts / Replies

Showing Replies 1 to 3 of 3 Records

1 Dated: 19-2-2020

Section 18 (6) of CGST Act read with Rule 40(2) of CGST Rules is applicable. Yes, you can export with LUT.

2 Dated: 20-2-2020
By:- akula manikanth

Dear Kasturi Sir,

Thanks for information further to understand this when i have option to export with LUT thethere is no taxes to pay under GST.

If there is no taxes to pay how Sec 18(6) of CGST act read with Rule 40(2) will apply ??

Please clarify.

3 Dated: 20-2-2020

Dear Querist,

You have misunderstood. Supply is involved. Tax is involved. You are required to pay tax at depreciated value inasmuch as you have used the said capital goods for about five months. Read carefully again.


Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||