Goods and Services Tax – Started By: – joseph david – Dated:- 8-9-2016 Last Replied Date:- 10-9-2016 – in present scenario by issuing form f -we can purchase material from local party for exports-the party will notcollect any taxes.what is the status in GST – Reply By CS SANJAY MALHOTRA – The Reply = Dear Mr. David,Form F is for stock transfer and Form H is for Deemed Exports. No forms exists in GST regime and tax is levied on all supplies even meant for Export. Refund is available to exporter of GST in case of Deemed Exports.You can refer to my article published at this platform. (GST-Improving Ease of Doing Business) or go through PPT on GST as the all the info is placed thereat. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = As told by
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Statutory Declaration Forms/Way Bills/ Challans/ Declaration Form under Local VAT laws are allowed to be used as this will break very chain of levy of tax and seamless availment of credit. Further, there is no provision in GSTN Software. – Reply By KASTURI SETHI – The Reply = I am thankful to all the experts for enrichment of my knowledge on the issue. – Reply By YAGAY AND SUN – The Reply = CONCERNS OF THE EXPORTS SECTOR IN THE GST REGIME – PUT FORWARD BY FIEO IN THE MEETING OF EMPOWERED COMMITTEE OF STATE FINANCE MINISTERS ON GST on 30th August 2016.Changes in Deemed Exports: GST would also require suitable changes in many of the Schemes in the Foreign Trade Policy .The categories of the deemed exports would be notified by the Government
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