Gst on meat freezing
This query is : Resolved
25 June 2018
Dear Sir,
Can anyone guide me please on the following issue:
Basically ours is an 100% export oriented unit.We are the exporters of Meat. We purchase raw/fresh meat from the suppliers and give it to the freezing industries. We deduct TDS @ 2% u/s 94-C while making payment of the bill of freezing. Now I would like to inquire whether GST has to be paid on the bills of freezing as follows:
Gross Freezing Rs. 1,00,000
Less TDS @ 2% u/s 94-C Rs 2,000
Add CGST
Add SGST
or
Add IGST on Rs 1,00,000 @ 5% or @ 18%
In my opinion GST should neither be paid nor recovered on 100% exportable products.
Please guide me and oblige.
yours tarique rizvi
982 1630 130
Can anyone guide me please on the following issue:
Basically ours is an 100% export oriented unit.We are the exporters of Meat. We purchase raw/fresh meat from the suppliers and give it to the freezing industries. We deduct TDS @ 2% u/s 94-C while making payment of the bill of freezing. Now I would like to inquire whether GST has to be paid on the bills of freezing as follows:
Gross Freezing Rs. 1,00,000
Less TDS @ 2% u/s 94-C Rs 2,000
Add CGST
Add SGST
or
Add IGST on Rs 1,00,000 @ 5% or @ 18%
In my opinion GST should neither be paid nor recovered on 100% exportable products.
Please guide me and oblige.
yours tarique rizvi
982 1630 130
26 June 2018
Export of goods are zero rated supplies under Section 16 of the IGST Act. You could export under LUT/bond without charging GST and claim refund of unutilised credit.
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