TMI BlogMerchant export with 18% GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... I have an aggregated order of Pharma APIs and am a Merchant exporter. Is it compulsory for me to buy the goods from Manufacturers with .1% GST as I have to submit all my trade value data to supplier through Shipping bill. Can i buy with 18% GST and claim input credit in GST return ? I will execute the LUT for the export. Two supplier/manufacturer have asked to revise my PO to .1% and other 2 have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taken at 18%. - Reply By Ganeshan Kalyani - The Reply = It is optional. - Reply By SHIVKUMAR SHARMA - The Reply = If you do not want to share any Trade information with Supplier of Goods.You can Purchase The goods Paying GST in full rate take ITC you can Export the same agst.LUT. It is your Choice. - Reply By ashutosh shukla - The Reply = Dear Querist it is not necessary to purchase f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orm registered manufacturer. the only condition is that is should be purchased from registered supplier. I normally recommend to pay full and take refund of the same. please see Notification No. 40/2017-Central Tax (Rate) Regards Ashutosh Shukla - Reply By Kishan Barai - The Reply = It's optional if you would like to go via 0.1% sourcing against LUT. You can also opt for payme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of GST apply for a refund. Make sure shipping bill must contain its information. Thank You - Merchant export with 18% GST - Query Started By: - Priya v Dated:- 18-12-2017 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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