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
\nPlease suggest:
\nWhether we would be able to import tax free raw material under advance authorisations issued by Jt.DGFT after implementation of GST Act ?
\nSimilarly, Whether we would be able to import tax free capital goods under EPCG authorisations issued by Jt.DGFT after implementation of GST Act ?
\nWhether 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 ?
\nReply By MADAN RAHEJA:
\nThe Reply: Dear Sir, As ye<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ST even on Interstate Branch Tranfer of goods IGST shall have to be paid, though credit shall be given. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 8 RepliesGSTDear 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 … Continue reading “GST and Licence\/Authorisation\/Invalidation issued by DGFT.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-900","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=900"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/900\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nRecently, 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.
\nIn both the above instances it seems that the benefit under present tax regime may be there in GST. (This is my personal views only).
\nThe main purpose of GST is seemless credit by levy tax on supply of goods\/service. Thus such all things are mystery as of today.
\nThanks.
\nReply By MUKUND THAKKAR:
\nThe Reply:
\nNarendra Soni Ji,
\nAdvance Authorisation \/EPCG authorisation is issued b<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n