Benefit of Exemption for Deemed Export
Query (Issue) Started By: – Vinay Kunte Dated:- 6-11-2017 Last Reply Date:- 8-11-2017 Goods and Services Tax – GST
Got 4 Replies
GST
It is given to understand the the Deemed Export are exempted Under IGST as per provisions of certain notifications issued in October 2017. Similarly, the IGST @0.1% or CGST/SGST or UTGST @0.05%, respectively, is to be paid by the supplier of Goods to other Registered person for Exports (Erstwhile Merchant Exporters).
My query is whether the ).1% IGST or 0.05% CGST is to be paid on goods supplied by a registered dealer under Deemed exports to other registered person or should be exempted in totality?
Please provide your valuable guidance.
Reply By Rajagopal
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Vinay Kunte:
The Reply: Thank you Sir for the clarification.
Reply By KASTURI SETHI:
The Reply:
I support the views of Sh.Ranganathan Sir. However, I post the following information as additional knowledge :-
Deemed Exports – Evidence required for claiming refund on deemed exports under CGST Rule 89(2)(g)
In exercise of the powers conferred by clause (g) of sub-rule (2) of rule 89 of the Central Goods and Services Tax Rules, 2017 read with notification No. 48/2017-Central Tax, dated the 18th October, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 1305(E), dated the 18th October, 2017, the Central Government hereby notifies the following, as detailed in column (2) of the Table
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