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TMI BlogBenefit of Exemption for Deemed ExportX X X X Extracts X X X X X X X X Extracts X X X X ..... Benefit of Exemption for Deemed Export X X X X Extracts X X X X X X X X Extracts X X X X ..... be paid by the supplier of Goods to other Registered person for Exports (Erstwhile Merchant Exporters). My query is whether the ).1% IGST or 0.05% CGST is to be paid on goods supplied by a registered dealer under Deemed exports to other registered person or should be exempted in totality? Please provide your valuable guidance. Reply By Rajagopalan Ranganathan: The Reply: Sir, The tax rate of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.05% in respect of CGST and SGST and 0.1% in respect of IGST is applicable only for export of goods. In respect of deemed export the supplier has to be pay the tax at normal rate and refund of such tax paid is to be claimed as provided under third proviso to rule 89 (1) of CGST Rules, 2017 which is as under: - "Provided also that in respect of supplies regarded as deemed exports, the applic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation may be filed by, - (a) the recipient of deemed export supplies; or (b) the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund." Reply By Vinay Kunte: The Reply: Thank you Sir for the clarification. Reply By KASTURI SETHI: The Reply: I s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upport the views of Sh.Ranganathan Sir. However, I post the following information as additional knowledge :- Deemed Exports - Evidence required for claiming refund on deemed exports under CGST Rule 89(2)(g) In exercise of the powers conferred by clause (g) of sub-rule (2) of rule 89 of the Central Goods and Services Tax Rules, 2017 read with notification No. 48/2017-Central Tax, dated the 18th O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctober, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1305(E), dated the 18th October, 2017, the Central Government hereby notifies the following, as detailed in column (2) of the Table below, as evidences which are required to be produced by the supplier of deemed export supplies for claiming refund, namely :- TABLE S.No. Evidenc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e (1) (2) 1. Acknowledgment by the jurisdictional Tax officer of the Advance Authorisation holder or Export Promotion Capital Goods Authorisation holder, as the case may be, that the said deemed export supplies have been received by the said Advance Authorisation or Export Promotion Capital Goods Authorisation holder, or a copy of the tax invoice under which such supplies have been made by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... supplier, duly signed by the recipient Export Oriented Unit that said deemed export supplies have been received by it. 2. An undertaking by the recipient of deemed export supplies that no input tax credit on such supplies has been availed of by him. 3. An undertaking by the recipient of deemed export supplies that he shall not claim the refund in respect of such supplies and the supplier may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... claim the refund.
Notification No. 49/2017-C.T., dated 18-10-2017]
Reply By Ramaswamy S:
The Reply:
refer circular No 14/14/2017-GST issued from F.no 349/21/2016 GST (Policy Wing) dated 06.11.2017.
Regards
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