Home Forum Goods and Services Tax - GST Month 5 2021 2021 (5) This
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GST - Export of Goods - Goods and Services Tax - GSTExtract Rule 96A of GST Rules provides that an exporter has to pay the applicable taxes with interest, provided the goods are not exported for more than three months. Due to logistic issues, goods might not have left the shores and goods are brought back to vendor s place. Brought back goods may be supplied subsequently locally or may even be exported later. In such a situation what is the idea behind making the exporter to pay IGST for the first transaction which has not materialised. For export of services, there is a condition that the exporter has to pay the tax with interest, if sale proceeds are not realised within the time allowed. It is not clear why no such condition is prescribed for export of goods. Rule 96A of GST Rules provides that an exporter has to pay the applicable taxes with interest, provided the goods are not exported for more than three months. Due to logistic issues, goods might not have left the shores and goods are brought back to vendor s place. Brought back goods may be supplied subsequently locally or may even be exported later. In such a situation what is the idea behind making the exporter to pay IGST for the first transaction which has not materialised. For export of services, there is a condition that the exporter has to pay the tax with interest, if sale proceeds are not realised within the time allowed. It is not clear why no such condition is prescribed for export of goods.
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