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Export under GST Act

Goods and Services Tax - Started By: - Narendra Soni - Dated:- 5-8-2016 Last Replied Date:- 30-9-2016 - Dear Export,Please suggestWhether export will be on payment of tax or without payment of tax under GST Act. - Reply By MADAN RAHEJA - The Reply = Dear Sir, As yet only Constitutional amendment bill has been passed by Rajya Sabha and main laws/rules/proceedure relating to GST are yet to be formulated. Although, not major changes in respect of export promotion schemes are expected, yet let us wa .....

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ait. Thanks. - Reply By hassan imam - The Reply = Dear Sir,Exports shall be treated as zero-rated supply zero-rated supply means a supply of any goods and/or services on which notax is payable but credit of the input tax related to that supply is admissible;it means there is no TAX under GST ACT on export.This is my understanding.Tks & rgdsHassan - Reply By KASTURI SETHI - The Reply = Sh.Hassan Imam Ji, I agree with you. Your expression of views is at par with the present position regarding .....

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GST Law refers to refund of taxes on goods & services exported out of India. We require a clarification that the refund facility will be optional for the exporters on the same lines as exists under the Central Excise Act where the exporter has the option to clear the exports goods without payment of taxes or takes a refund of the duty paid by him. Those exporters who want exemption from GST on supply of goods /services for exports will be entitled for the same. A reiteration of the same will .....

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ices are determined by the competition in the international market and there could be cases where the exporter, in order to stay relevant and continue in business, has to execute orders below the cost which could be construed as passing on the tax refund to the buyer. Hence the said certification should not be made applicable where refund is for input taxes for exports. - Reply By Ganeshan Kalyani - The Reply = Sir, the relevant provision from draft GST Model is reproduced below for your ready r .....

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