Goods and Services Tax – Started By: – lakush jain – Dated:- 11-4-2018 Last Replied Date:- 18-4-2018 – I want to export some items to Nepal. The total amount of export is 1,00,000. I do not have any LUT yet so I will include IGST in the invoice which comes out to be 18,000.Now my total invoice amount becomesNet – 1,00,000IGST – 18,000Grand Total = 1,18,000 INRNow the person in NEPAL will not pay this GST to me because he has nothing to do with this 18% tax which I included in the invoice. What should I show in the invoice to credit this 18,000 INR because the person in NEPAL will only pay me 1,00,000 even though the invoice amount is 1,18,000.Please tell me how to show 18,000 pre-paid in the invoice for export with IGST?Thanks, – Reply By Ganeshan Kalyani – The Reply = In Tax invoice show the breakup of basic + tax. In commercial invoice shown total amount . Tax invoice is for GST compliance purpose and commercial invoice is for the importer. – Reply By SHIVKUMAR SHARMA – The Reply =
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which is sufficient for export of your goods. – Reply By lakush jain – The Reply = This ARN number generated by online LUT portal, can I use just this with transport company to send my goods or do I need any other supported documents while sending my goods?Also do I need any Import Export Code (or IC code) before sending my goods to NEPAL or to generate LUT? – Reply By KASTURI SETHI – The Reply = For export also, Import Export Code is must. – Reply By lakush jain – The Reply = but according to below MEMO , it says that if you have GSTIN number then IEC code is not necessary ? Going forward only GSTIN number will be used for transaction. I do have GSTIN number then do I still need to register for IEC code?http://dgft.gov.in/Exim/2000/TN/TN17/TN0918.pdf – Reply By KASTURI SETHI – The Reply = PAN is to be treated as IEC if the goods to be exported are fully exempted. – Reply By KASTURI SETHI – The Reply = Pl.read PAN based GSTIN instead of PAN. – Reply By Ganeshan Kalyani – The Reply = GS
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cuments are required to be physically submitted to the jurisdictional office for acceptance of LUT. The Circular also stated that if an exporter s LUT has been accepted and later if it was discovered that the exporter was ineligible to furnish a LUT in place of a bond, then the LUT will be liable for rejection and such LUT shall be deemed to have been rejected from the very beginning. The Circular was issued upon receiving various queries from the field formations and exporters regarding a technical glitch that the LUTs submitted via online in FORM GST RFD-11 on the common portal were not visible to the jurisdictional officers of the Central Board of Indirect Taxes and Customs (CBIC) and of a few states. – Reply By Subhash Modi – The Reply = You need IEC, PAN, GSTIN whether the export is without payment of IGST under LUT or on payment of IGST under claim of refund, You can prepare 1) commercial invoice (international format both for exports and for IGST paid or not paid under LUT detai
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