GST Concessional Rate 0.10%
This query is : Resolved
TARIQUE RIZVI
(Querist)
23 November 2021
Dear Friends
Thanks for your guidelines various issues of taxation.
It is a matter of litigation.
GST Concessional Rate 0.1%
=======================
In certain case the exporter has forgotten to mention in shipping bill the concessional rate of GST @ 0.10%, suppliers’ particulars such as name & address with bill number also. But the buyer and Seller both have followed the same HSN Code and the shipment has also been effected within the stipulated period of 90 days.
So far as the issue of mentioning of the proper wordings on shipping bill is concerned, it should not be considered seriously because rest of other special conditions of concessional rate have been fulfilled as per the procedure adopted by the seller and customer both.
Just because of silly ignorance the whole formality should not be rejected and finally seller and customer both should be given full liberty for availing of the benefit of GST concessional Rate @ 0.10%.
Am I right ?
Awaiting your comments on this issue.
Thanks for your guidelines various issues of taxation.
It is a matter of litigation.
GST Concessional Rate 0.1%
=======================
In certain case the exporter has forgotten to mention in shipping bill the concessional rate of GST @ 0.10%, suppliers’ particulars such as name & address with bill number also. But the buyer and Seller both have followed the same HSN Code and the shipment has also been effected within the stipulated period of 90 days.
So far as the issue of mentioning of the proper wordings on shipping bill is concerned, it should not be considered seriously because rest of other special conditions of concessional rate have been fulfilled as per the procedure adopted by the seller and customer both.
Just because of silly ignorance the whole formality should not be rejected and finally seller and customer both should be given full liberty for availing of the benefit of GST concessional Rate @ 0.10%.
Am I right ?
Awaiting your comments on this issue.
Dhirajlal Rambhia
(Expert)
26 November 2021
Yes, there should be natural law of justice.
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