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MERCHANT EXPORT UNDER GST

Goods and Services Tax - Started By: - SURYAKANT MITHBAVKAR - Dated:- 18-7-2017 Last Replied Date:- 19-7-2017 - We have manufacturing Pharma machinery registered under GST Act. We have doing export for our Manufacturing machinery under LUT also We are doing trading Export (Material procured under CT-1). Now, under GST regime, there is no (B1 Bond) hence we can not issue CT- 1 for our trading purchases for export. What is procedure to adopt related to Trading Export under GST . - Reply By Kishan .....

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, Merchant Exporter can execute a Bond and obtain CT-1 certificate to procure goods from local manufacturers for the purpose of export. However, under the provisions of GST / IGST, the concept of merchant exporter is not there.Assume Merchant Exporter X place order with Y a manufacturer to procure goods for onward export to foreign customer Z and both X and Y are situated in the same state. Here both X and Y have to obtain GST Registration.Under GST, the manufacturer X has to raise local GST Inv .....

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ll of Lading, X has to give his GSTN Register Number and the Invoice reference in the said documents.If he is eligible for execution of Letter of Undertaking, he can also do so accordingly .After completion of Export, the particulars of export will be automatically transferred from Customs Department to Y account maintained in GSTN portal. The duty paid amount will also be refunded by way of direct credit to Y Bank account.If Y cleared the export goods under Bond without payment of duty, he can .....

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ARNESANAdvocate, Chennai98400 87349 - Reply By GOKARNESAN.S SUBRAMANIAN - The Reply = In my previous post, I made mistake of mentioning X and Y wrongly. You may read with the following correctionsUnder the existing Central Excise provisions, Merchant Exporter can execute a Bond and obtain CT-1 certificate to procure goods from local manufacturers for the purpose of export. However, under the provisions of GST / IGST, the concept of merchant exporter is not there.Assume Merchant Exporter Y place .....

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