0.1 % purchase
This query is : Resolved
ACCOUNTS08
(Querist)
26 April 2019
Hello,
I am a merchant exporter I purchased goods @ 0.1 % from my supplier. However i could not export the same myself and sold the same to a domestic party who exported the goods .The sale rate was 0.1 % GST. Is it correct that even though i am not directly exportinh the goods but someone else is i can avail the benfits of 0.1 % tax rate.
I am a merchant exporter I purchased goods @ 0.1 % from my supplier. However i could not export the same myself and sold the same to a domestic party who exported the goods .The sale rate was 0.1 % GST. Is it correct that even though i am not directly exportinh the goods but someone else is i can avail the benfits of 0.1 % tax rate.
CA R SEETHARAMAN
(Expert)
26 April 2019
It is most important to note that the Merchant Exporter will not be eligible for the exemption (payment of GST at concessional rates 0.1%) if the Merchant Exporter fails to export the said goods within a period of ninety days from the date of issue of tax invoice.
ACCOUNTS08
(Querist)
26 April 2019
But would it be considered if the goods are exported by another merchant exporter and not me
CA R SEETHARAMAN
(Expert)
27 April 2019
You should have exported the goods within 90 days not by others.
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