TMI BlogGST effect of Merchant ExporterX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert A is the Merchant Exporter bought goods from B for the export purpose by paid with IGST . A have to export the same goods to UAE by Forex invoice. A can't be executed any Bond or LUT.and A cannot show IGST in their export invoice, due to Foreign currency Invoice How A can export these goods under GST regime? and what is the documents prepared under GST export .is an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y IGST have to pay before exporting the goods by A , if yes how A can pay IGST? - Reply By MUKUND THAKKAR - The Reply = A is the Merchant Exporter bought goods from B for the export purpose by paid with IGST IGST is applicable if A procuring the goods from B and transaction is inter-State. if Intrastate CSGT+ SGST is applicable. During the time of export need not require shown IGST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount in your export Invoice, you need to shown the said IGST amount in TAX Invoice and also mention that SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST on the body of Invoice, it mandatory to Issue Tax Invoice along with the your export invoice + packing list. no other documents are require for export. IGST amount is not require to pay before exporting the goods. it is require to pay along with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the your tax liability during the month. you can file the refund what ever IGST is paid with the reference of said export. - Reply By Binu Karuthedath - The Reply = Dear Sir Very Thanks for your valuable reply I have one doubt regarding Freight charge insurance.if we have shown the Freight Charge Insurance separately in the export invoice I addition to goods value, is i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t applicable IGST ? - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Mukund Thakkar, Sir. You will also get refund of GST to be paid on freight and insurance up to port. - Reply By Kishan Barai - The Reply = No No No NO In export invoice, you should never charge IGST. Exports are Zero Rated under GST Law FOB + Freight + Insurance = CIF would be your final value Let me tell ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... you there is no change in Export Invoice after GST Many people are even writing on Export Invoice that Export did with payment of IGST applied for refund or Export against Bond this is the biggest foolishness, such kind of things should never be shown in export invoice, foreign importer will not like it will ask 1000s of questions, such thing has to be mentioned in Export Invoice prepare ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in GST Portal , that invoice is like a form filled at the time of return, that is very different than commercial invoice. Take care , it's easy but some situation makes it too complicated - GST effect of Merchant Exporter - Query Started By: - Binu Karuthedath Dated:- 28-7-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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
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