This discussion clarifies the requirements for utilising the 0.1% GST concessional rate on exported goods. It highlights the importance of correctly mentioning the concessional rate and HSN code on the shipping bill within 90 days of purchase. If the rate was inadvertently omitted but the HSN code is present, guidance is sought on whether this is sufficient. The response also advises that mentioning supplier details and GSTIN on the shipping bill is mandatory and suggests requesting amendments from customs if necessary.
GST Concessional Rate to sale the goods is 0.1% instead of the prevailing rate under a particular HSN Code. The goods purchased at the concessional rate of GST should be exported within 90 days showing the concessional rate of 0.1% with HSN Code in the related shipping bill just for the sake of evidence.
If inadvertently the exporter forgot to mention the concessional rate of 0.1% in shipping bill but HSN Code has been mentioned correctly in shipping bill. Will it not be enough for taking the benefit of concessional rate of 0.1%.
19 November 2021
In order to be eligible to supply the goods at concessional rate, it is mandatory to mention the suppliers details in the shipping bill, GSTIN, etc. You make ask your buyer to make amendment in the shipping bill by requesting to the customs.
19 November 2021
Dear Mr Uday Chandran Good Morning to you Thanks lot of thanks for your guidelines. My name is Tarique Rizvi. I am Bombay based IT Consultant.