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GST and Licence/Authorisation/Invalidation issued by DGFT.

Goods and Services Tax - Started By: - Narendra Soni - Dated:- 5-8-2016 Last Replied Date:- 17-5-2017 - Dear ExportPlease suggest:Whether we would be able to import tax free raw material under advance authorisations issued by Jt.DGFT after implementation of GST Act ?Similarly, Whether we would be able to import tax free capital goods under EPCG authorisations issued by Jt.DGFT after implementation of GST Act ?Whether tax free procurment from domestic sources would be made under invalidation of A .....

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ilities likely to be continued. Customs Act would be out of GST. - Reply By Ganeshan Kalyani - The Reply = Sir, just to add to the reply given by my colleague experts. Sir, presently under VAT /CST, interstate transaction - if stock transfer then no tax is charged when supported by Form F and - if Sale then 2% or less when supported by Form C. This scheme is going to vanish under GST. Under GST even on Interstate Branch Tranfer of goods IGST shall have to be paid, though credit shall be given. R .....

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