Export in gst

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Rem (Querist)

16 August 2017 1. Is there any other duty to be paid for Exporters apart from IGST while exporting goods.

2. How to get/apply for BOND/LUT and it should be applied for every export or once. Is there any conditions for getting that. To whom it should be applied.

3. Can exporters claim Input credit for their purchase along with the IGST they paid.

4. How to claim refunds in case exporters who are exporting regularly basis(ie. daily).

5. Is there any other options to export goods without paying IGST and LUT/Bond.

CA Suresh Jain

CA Suresh Jain (Expert)

19 August 2017 Point wise Relied as under :
1. Is there any other duty to be paid for Exporters apart from IGST while exporting goods.---- There is no other duty except export duty on some products
2. How to get/apply for BOND/LUT and it should be applied for every export or once. Is there any conditions for getting that. To whom it should be applied.--- Please refer to Circular No. 5/5/2017 - GST dated 11.08.2017
3. Can exporters claim Input credit for their purchase along with the IGST they paid.-- you can claim either refund of Input credit or you can claim rebate of the iGST paid by you on export
4. How to claim refunds in case exporters who are exporting regularly basis(ie. daily).-- please refer to Chapter X of the GST rules
5. Is there any other options to export goods without paying IGST and LUT/Bond. -- No, there no third option

Rem

Rem (Querist)

20 August 2017 Sir Thanks for your reply.
I am an small exporter( below 1.5 Crore), exporting Ayurvedic products and medicines which is purchased from local. 1.How to know whether the goods exported is having export duty.
2.For Paying IGST(Export) can I utilize the ITC of local purchase.
3.Which is best option to me for exporting goods(Either by Bond or by paying IGST), please suggest me.

CA Suresh Jain

CA Suresh Jain (Expert)

20 August 2017 1. whether the goods exported is having export duty -- your product is not liable for export duty
2.For Paying IGST(Export) can I utilize the ITC of local purchase.-- yes you can
3.Which is best option to me for exporting goods(Either by Bond or by paying IGST), please suggest me.--- normally on payment of IGST

Message likes : 1 times

Rem

Rem (Querist)

22 August 2017 Sir, One more doubt whether IGST is to be paid while exporting the goods or at the time filing return.

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