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Points for discussion Tax implications on freight forwarder and exporter of goods Impact on account of withdrawal of exemption entries available to freight forwarder Place of supply provisions relating to freight forwarder and exporter as well as proposed changes in those provisions vide F
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FAQ :
Exemptions for the transportation of goods by aircraft or vessel from India to outside India, previously available under Notification No. 12/2017-CT(Rate), were withdrawn from 1 October 2022.
The Finance Act 2023 proposes to delete the proviso that determined the place of supply as the destination when goods are transported outside India. It also proposes to delete the entire Section 13(9) concerning transportation services where the supplier or recipient is outside India.
If both the supplier and recipient of transportation services are in India, the place of supply is generally the location of the recipient if they are registered. If the recipient is unregistered, it's where the goods are handed over for transportation. However, if the transportation is to a place outside India, the place of supply was previously the destination, but this is subject to proposed changes.
The transaction value for goods supplied by an exporter includes the value of the goods themselves and any transportation charges, as incidental expenses are required to be included in the transaction value.
Yes, exporters have the option to export goods either with payment of tax or without payment of tax under a LUT (Letter of Undertaking), and in both scenarios, they are eligible for a refund.
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