Export under lut
This query is : Resolved
Rajendra Hegde
(Querist)
22 November 2018
Can I clear the goods under LUT withoutpayment of tax to our Indian Customer who exports the goods outside India.If so ,pls. give me notification.
Can I clear the goods under LUT withoutpayment of tax to our Indian Customer who exports the goods outside India.If so ,pls. give me notification.
CA R SEETHARAMAN
(Expert)
22 November 2018
No. 0.1% GST applicable to merchant exporters.
As per notification no. 40/2017-central tax (rate) and 41/2017-central tax (rate) both dated 23.10.2017, the registered supplier would supply the goods to the registered recipient on a tax invoice charging GST as follows :
In case of intra-state supply – CGST is payable @0.05% and SGST is payable 0.05%
In case of inter-state supply – IGST is payable @0.1%
As per notification no. 40/2017-central tax (rate) and 41/2017-central tax (rate) both dated 23.10.2017, the registered supplier would supply the goods to the registered recipient on a tax invoice charging GST as follows :
In case of intra-state supply – CGST is payable @0.05% and SGST is payable 0.05%
In case of inter-state supply – IGST is payable @0.1%
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