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
\ncollect any taxes.
\nwhat is the status in GST
\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nDear Mr. David,
\nForm 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.
\nYou 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 <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n on. Thanks = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 9 RepliesGSTin 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 … Continue reading “deemed exports status in gst”<\/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-968","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/968","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=968"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/968\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nReply By YAGAY AND SUN:
\nThe Reply:
\nGST 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.
\nReply By KASTURI SETHI:
\nThe Reply:
\nI am thankful to all the experts for enrichment of my knowledge on the issue.
\nReply By YAGAY AND SUN:
\nThe Reply:
\nCONCERNS 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.
\nChanges in Deemed Exports: GST would also require suitable changes in many of the Schemes in the Foreign Trade Policy .The c<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n