GST effect of Merchant Exporter
Query (Issue) Started By: – Binu Karuthedath Dated:- 28-7-2017 Last Reply Date:- 30-7-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Expert
\n 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?
\nReply By MUKUND THAKKAR:
\nThe Reply:
\nA is the Merchant Exporter bought goods from B for the export <\/p>\n
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\nThe Reply:
\nDear Sir
\n Very Thanks for your valuable reply
\nI have one doubt 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 ?
\nReply By KASTURI SETHI:
\nThe Reply:
\nI 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.
\nReply By Kishan Barai:
\nThe Reply:
\nNo No No NO
\nIn export invoice, you should never charge IGST. Exports are Zero Rated under GST Law
\nFOB + Freight + Insurance = CIF would be your final value
\nLet me tell you there is no change in Export Invoice after GST
\nMany people are even writing on Export Invoice that "Export did wit<\/p>\n
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