TMI BlogGST PAYMENT BY MERCHANT EXPORTERSX X X X Extracts X X X X X X X X Extracts X X X X ..... WE ARE MERCHANT EXPORTERS, PURCHASING FROM EXCISABLE UNITS AS WELL AS NON-EXCISABLE MANUFACTURERS. NOW , WITH GST COMING IN, IS THERE ANY SCHEME OR PAPERWORK WHICH CAN BE UNDERTAKEN BY US MERCHANT EXPORTERS , WHEREIN WE CAN AVOID PAYING THE GST TO OUR SUPPLIERS,( JUST LIKE ARE-1 / FORM H ) WHERE WE AVOID PAYING THE SAME. THE GST AT POINT OF PURCHASE WILL ADD A HUGE AMOUNT TO OUR CAPITAL REQU ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IREMENT. PLEASE ADVISE - Reply By Rajagopalan Ranganathan - The Reply = Sir, The procedure for export clearance with/without payment of GST is yet to be formulated and approved by GST Council. A new Foreign Trade Policy consisting with GST is yet to be announced by Ministry of Commerce. Only when these things happen an advice can be given in this matter. - Reply By Avinas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h Gopalakrishnan - The Reply = Dear Sir , I understand that till then one would have to then pay GST at the applicable rate and get a refund , seems that considering a huge component of India's exports are done by merchant exporters why wasn't this thought through in the 1st place .. a rhetorical question of course but it does really put a massive strain on WC requirements , when do you t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hink the council would pass this Exim policy - GST PAYMENT BY MERCHANT EXPORTERS - Query Started By: - PUNEET SINGH Dated:- 25-6-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
