GST and Licence/Authorisation/Invalidation issued by DGFT.
Query (Issue) Started By: – Narendra Soni Dated:- 5-8-2016 Last Reply Date:- 17-5-2017 Goods and Services Tax – GST
Got 8 Replies
GST
Dear Export
Please suggest:
Whether we would be able to import tax free raw material under advance authorisations issued by Jt.DGFT after implementation of GST Act ?
Similarly, Whether we would be able to import tax free capital goods under EPCG authorisations issued by Jt.DGFT after implementation of GST Act ?
Whether tax free procurment from domestic sources would be made under invalidation of Advance authorisation OR EPCG licences issued by Jt.DGFT after implementation of GST Act ?
Reply By MADAN RAHEJA:
The Reply: Dear Sir, As ye
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ST even on Interstate Branch Tranfer of goods IGST shall have to be paid, though credit shall be given.
Recently, I was going through VAT Circular of Chhattisgarh State where a scheme of Entry Tax exemption was given. A condition was given in the bottom line mentioning that 'the benefit shall be continue to be eligible till the date of implementation of GST.
In both the above instances it seems that the benefit under present tax regime may be there in GST. (This is my personal views only).
The main purpose of GST is seemless credit by levy tax on supply of goods/service. Thus such all things are mystery as of today.
Thanks.
Reply By MUKUND THAKKAR:
The Reply:
Narendra Soni Ji,
Advance Authorisation /EPCG authorisation is issued b
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