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TAXABILITY OF EXPORT TO NEPAL

Goods and Services Tax - Started By: - ROHIT GOEL - Dated:- 12-2-2018 Last Replied Date:- 18-2-2018 - Sale to Nepal and Bhutan is taxable or it will be considered as zero rated supply if payment has been realized in Indian currency . - Reply By Rajag .....

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ir, My point of view is that export of goods to Nepal or Bhutan fulfills the condition of GST law for taking goods out of India, hence, it will be treated as zero rated supplies. With regards to realization in Indian currency is concern, the Circular .....

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01stJuly, 2015 (updated as on 05th November, 2015), which states that there is no restriction on invoicing of export contracts in Indian Rupees in terms of the Rules, Regulations, Notifications and Directions framed under the Foreign Exchange Managem .....

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rtible currency. However, export proceeds against specific exports may also be realized in rupees, provided it is through a freely convertible Vostro account of a non-resident bank situated in any country other than a member country of Asian Clearing .....

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nvertible foreign exchange as long as they are in accordance with the applicable RBI guidelines. It may also be noted that the supply of services to SEZ developer or SEZ unit under LUT will also be permissible on the same lines. The supply of service .....

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ertible foreign exchange and not for GOODS. - Reply By Rajagopalan Ranganathan - The Reply = Sir, As per the reply given to question 8 of FAQ on Exports issued by CBEC Export of goods to Nepal or Bhutan fulfils the condition of GST Law regarding taki .....

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ces in the GST Law requires that the payment for such services should have been received by the supplier of services in convertible foreign exchange. But with effect from 27.10.2017 this condition of receipt of export proceeds in foreign exchange had .....

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