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GST TAX RATE ON EXPORT

20 October 2020

What is the percentage of tax levied on the Sales of an item local rate 5% GST to Exporter.In which column of GSTR3B should be recorded these transactions?

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2 Replies

Hinaykumar Maruti (Finance Professional) (30 Points)
Replied 20 October 2020

R u supplying to Another Indian Supplier who is Exporter or U want to export goods out of India?

If u want to export goods outside India...
u hv 2options:

Apply of Letter of Undertaking and

2) export goods outside India, such supply will be treated as Zero Rated Supply and no taxes to be levied.

3) export goods outside India with payment of IGST and u will get refund of IGST post export subject to data validation by Customs.