9911796707
TMI BlogImplementation of GST - Changes in Bill of Entry/Shipping Bill FormatX X X X Extracts X X X X X X X X Extracts X X X X ..... Excise legislations in alignment with GST implementation. Further reference is invited to various decisions in GST Council meeting and documentation of the same in CBEC Website. 2. The legislations referred above has necessitated changes in Bill of Entry and Shipping Bill declarations. The revised electronic format for both BE/SB has already been published in ICEGATE Website (https://www.icegate.gov.in/msg guideline.html). The salient features of those changes in the format of the declarations are enumerated below for easy reference and compliance. Changes in Bill of Entry : 3. The Changes in Bill of Entry can be broadly listed as follows: a) Levy and Collection of IGST b) Declaration of CETH c) Identification of GST Beneficiary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C; Addl Duty Flag as I; Ex.F1ag as G Levy & Exemption of CST Cess (GST Cess Notfn.) Duty Flag as G; Addl Duty Flag as P; Ex.F1a as G Levy & Exemption of IGST (Customs Notification)* Duty Flag as G; Addl Duty Flag as I; Ex.Hag as C Levy & Exemption of GST Cess (Customs Notfn.)* Duty Flag as G; Addl Duty Flag as P; Ex.FIag as C * In this case, Cnst0"is Exemption Notification should be referred. 5. Declaration of CETH: Central Excise Tariff is getting amended on the day, Taxation Law (Amendments) Act, 2017 comes into force. In such scenario, the Central Excise levy is applicable on certain goods, while it is not applicable on certain goods. Wherever the additional customs duty (CVD) is levied , CHTH as applicable may be declared ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Entry needs to be submitted to avail the input tax credit of Additional Duty of Customs. Similarly, Physical application along with supporting documents needs to be submitted as per laid out procedure for refund of Special Additional Duty of Customs. With the implementation of GST, there would be seamless credit flow of IGST to the GSTIN Beneficiary mentioned in the Bill of Entry on filing of Returns. Importer needs to mention the Port Code, Bill of Entry Number, Bill of Entry Date, aggregate LGST Taxable value, Total IGST Amount, Total CST Compensation Cess in the GST Return which would be validated online with ICECATE. For the benefit of the Importers, the above details would be made available in the Final copy of the Bill of Entry. 8. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied. 10. Under the GST Laws, taxpayers would be filing their outward supply returns on GSTN for all the supplies made by them including exports. . For the exports, they will be required to quote the Shipping Bill and export invoice details which shall be validated by Customs EDI system. The confirmation of the export by Customs shall be made once the ECM is filed and closed. Based on this validation only the taxpayer (exporter) shall be granted refund of the IGST paid by him on the exported goods. This validation shall also act as the proof of export in case the exporter has made the supply under bond or L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 4,00,000 48,000 Due to some reasons, he finally exports only 900 units of Item A and 1900 units of Item B. For his shipping bill, the Taxable value and IGST of each item shall be calculated in proportion of the actual quantity shipped to the quantity on export invoice, i.e. For Item A Taxable Value = (900/1000) X 2,00,000 1,80,000= Rs IGST Paid = (900/1000) X 24,000 = ₹ 21,600 For Item B Taxable Value = (1900/2000) X 2,00,000 - ₹ 1,90,000 IGST Paid = (1900/2000) X 24,000 = ₹ 22,800 The taxable value shall be matched with the export invoice particulars declared in the GST return, i.e. the invoice on which IGST was paid. No other invoice like Commercial Invoice etc. should be used for computation of Taxab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es Tax or of the Integrated Goods and Services Tax has been availed for any of the inputs or input services used in the manufacture of the export goods." DBK002 - "I declare that no refund of Integrated Goods and Services Tax paid on export goods shall be claimed." DBK003 - "l declare that CENVAT credit on the inputs or input services used in the manufacture of the export goods has not been carried forward in terms of the Central Goods and Services Tax Act, 2017." For Every Item where DBK claimed is suffix as A or C, an exporter is required to declare two codes only, i.e. (1) DBK001 or DBK002 and (2) DBK003 16. Container Details These details are required for certain international customs communication as well as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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