deemed exports status in gst
Query (Issue) Started By: – joseph david Dated:- 8-9-2016 Last Reply Date:- 10-9-2016 Goods and Services Tax – GST
Got 9 Replies
GST
in present scenario by issuing form f -we can purchase material from local party for exports-the party will not
collect 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
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on. Thanks
Reply By YAGAY AND SUN:
The Reply:
GST cannot sustain if 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 c
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