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FOC Supply under GST, Goods and Services Tax - GST

Issue Id: - 117106
Dated: 18-3-2021
By:- Harsh Saini
FOC Supply under GST

  • Contents

Can anyone please elaborate the GST provision in respect of FOC supply under export of goods and services.

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Showing Replies 1 to 3 of 3 Records

1 Dated: 23-3-2021

Dear Harsh Sir,

What is your specific query ?

2 Dated: 23-3-2021

Sh.Harsh Sain Ji,

The query is too short to reply. Pl. elaborate your query before expecting elaborative/ comprehensive solution from the experts.

3 Dated: 30-3-2021

You have to reverse the ITC proportionately and get the GR Waiver form from your AD (Banker). Further, just take care that your FOC sample does not crosses the threshold limit of ₹ 1.00 crore as defined in RBI Master Directions. A certificate from your foreign counter part will also be required that goods sent on FOC had been destructed during lab test and would not be send back to India. This Certificate will be submitted to your AD (Banker) for closing of GR Waiver form.


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