Goods and Services Tax – Started By: – Binu Karuthedath – Dated:- 28-7-2017 Last Replied Date:- 30-7-2017 – Dear Expert A is the Merchant Exporter bought goods from B for the export purpose by paid with IGST . A have to export the same goods to UAE by Forex invoice. A can't be executed any Bond or LUT.and A cannot show IGST in their export invoice, due to Foreign currency Invoice How A can export these goods under GST regime? and what is the documents prepared under GST export .is any IGST have to pay before exporting the goods by A , if yes how A can pay IGST? – Reply By MUKUND THAKKAR – The Reply = A is the Merchant Exporter bought goods from B for the export purpose by paid with IGST IGST is applicable if A procuring the goods from
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
regarding Freight charge & insurance.if we have shown the Freight Charge & Insurance separately in the export invoice I addition to goods value, is it applicable IGST ? – Reply By KASTURI SETHI – The Reply = I support the views of Sh.Mukund Thakkar, Sir. You will also get refund of GST to be paid on freight and insurance up to port. – Reply By Kishan Barai – The Reply = No No No NOIn export invoice, you should never charge IGST. Exports are Zero Rated under GST LawFOB + Freight + Insurance = CIF would be your final value Let me tell you there is no change in Export Invoice after GSTMany people are even writing on Export Invoice that Export did with payment of IGST & applied for refund or Export against Bond this is the biggest f
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =