Tax Bifergation on deemed export

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Tax Bifergation on deemed export
Query (Issue) Started By: - sanjay khatri Dated:- 21-11-2017 Last Reply Date:- 22-11-2017 Goods and Services Tax - GST
Got 4 Replies
GST
Dear Expert, on deemed export if goods are sold is within state then what shoud i charged on nvoice 0.1% IGST or 0.05% CGST and SGST or 0.1% CGST? Reply By Rajagopalan Ranganathan: The Reply: Sir, Whether it is exp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ort or deemed export it will be treated as inter-state supply and IGST rate of 0.1% rate is applicable. This is in respect of when supply is made by the supplier directly to the recipient without any intermediary in between. If you supply the goods to a merchant exporter who is located within the same state then 0.05% of CGST and 0.05% of SGST will be applicable. If the merchant exporter is locate .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d in other state then IGST @ 0.1% is applicable. This is my view. Reply By Ganeshan Kalyani: The Reply: Refer Notification No. 40/2017-Central Tax (Rate). Reply By ANITA BHADRA: The Reply: Sir Small doubt :- If exporter sales goods , should not it be zero rated ? 1% rate is for mercantile exporter , means a trader sales goods to exporter . Or in other words , purchase of exporter will be 1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... % and export ( sale) will be zero rated . Experts are requested to correct me , if I am wrong Regards CA Anita Bhadra Reply By Ramaswamy S: The Reply: Dear Querist The query needs to be clear. If the supplies are to advance authorisation holders or to EPCG license holders or to EOU , it is a deemed export. Supplies to EOU or manufacturers holding AA or EPCG will be on payment of applica .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ble GST. The refund of GST can be either by the supplier or the recipient. The applicable GST means IGST or CGST+SGST as the case may be. The rate of 0.1% is to a merchant exporter and not to manufacturer exporter. Regards S.Ramaswamy
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X