All about Exports under GST
By: – CA.VINOD CHAURASIA
Goods and Services Tax – GST
Dated:- 22-8-2017<\/p>\n
Introduction
\nExport will be treated as zero-rated supply.
\nUnder zero-rated supply, IGST paid on export goods or the input tax credit proportionate to the goods and services consumed in goods exported under bond \/LUT would be refunded.
\nDuty Drawback
\nNo amendments have been made to the drawback provisions (Section 74 or Section 75) under Customs Act 1962 in the GST regime.
\nHence, the drawback scheme will continue in terms of both section 74 and section 75.
\nOption of All Industry Rate (AIR) as well as Brand Rate under Section 75 shall also continue.
\nDrawback under Section 74 will refund Customs duties as well as Integrated Tax and Compensation Cess paid on imported goods which are re-exported.
\nAt present Duty Drawback Scheme under Section 75 neutralises Customs duty, Central excise duty and Service Tax chargeable on any imported materials or excisable materials used <\/p>\n
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\nSimilarly, the exporter can claim brand rate for Customs, Central Excise duties and Service Tax during this period.
\nExporters also have the option of claiming only the Customs portion of AIR and claim refund\/ITC under GST laws.
\nAll Industry Rates for the transition period have been notified effective from 01.07.2017.
\nThe AIR for post transition period shall be notified in due course of time.
\nThe certificates from jurisdictional GST officer as referred above may not be available during initial days.
\nAs per Systems design, whenever higher rate (composite rate) of drawback is claimed, the non-availment of credit certificate is a mandatory document and unless it is recorded as available, shipping bill will not move to LEO stage.
\nIn such a situation, all field formations shall ensure that exports are not delayed for requirement of the said certificate.
\nThe way out in such situation for the exporter is to amend the shipping bill to claim low<\/p>\n
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\nRefund of IGST paid on exports and Export under Bond scheme
\nUnder GST regime exports would be considered as zero-rated supply.
\n Any person making zero rated supply (i.e. any exporter) shall be eligible to claim refund under either of the following options, namely:
\n (a) he may supply goods or services or both under bond or Letter of Undertaking without payment of integrated tax and claim refund of unutilised input tax credit; or
\n (b) he may supply goods or services or both on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied, in accordance with the provisions of section 54 (Refunds) of the Central Goods and Services Tax Act or the rules made there under (i.e Refund Rules 2017).
\nFor the option (a)
\nProcedure to file refund has been outlined in the Refund Rules under GST.
\nThe exporter claiming refund of IGST will file an application electronically through the Common Portal, either directly or <\/p>\n
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\nARE-1 which is being submitted presently shall be dispensed with except in respect of commodities to which provisions of Central Excise Act would continue to be applicable.
\nChange in export Procedures
\nElectronic as well as manual Shipping Bill formats including Courier Shipping Bill have been amended to include GSTIN and IGST related information so as to ensure that the export benefits like refund of IGST paid as well as accumulated input tax credit can be processed seamlessly.
\nModified Forms are available on the departmental website, www.cbec.gov.in.
\nExport under factory stuffing procedures
\nFor the next 3 months, factory stuffing shall be carried out as per present prevailing procedures (i.e. to be carried out under the supervision of Central Excise officers).
\nImportant websites providing Information & guidance on GST
\nCBEC WEBSITE – www.cbec.gov.in
\nGSTN WEBSITE – www.gstn.org
\nGST COUNCIL WEBSITE – www.gstindia.com\/tag\/gst-council
\nCBEC MITRA – cbe<\/p>\n
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