Carbon Credit GST
This query is : Resolved
Quick Summary
Anu Elizabeth Shaju
(Querist)
06 April 2023
How to discharge GST liability on carbon credit.
The same is provided to foreign entity who is acting as intermidiary.
The sale proceeds are booked as income in our books.
How to disclose the same in GST return.
Any LUT should be filed
The same is provided to foreign entity who is acting as intermidiary.
The sale proceeds are booked as income in our books.
How to disclose the same in GST return.
Any LUT should be filed
CA R SEETHARAMAN
(Expert)
07 April 2023
It will fall under export in case it's proceeds received in foreign currency for which GST is zero rated.
LUT should be filed
LUT should be filed
Anu Elizabeth Shaju
(Querist)
27 April 2023
Thank you so much sir. That was really helpful
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