09 November 2021
Goods are supplied to an organisation which is involved in Export. They have procured goods from our co at 0.1%... How to report this sale in GSTR1? What kind of document should we ask from the merchant exporter for future purpose?
09 November 2021
Show it in table 4A. On export of goods within 90days a copy of the shipping bill/bill of export along with the proof of EGM and export report shall be filed with the registered supplier as well as its jurisdictional tax officer.
09 November 2021
Under Invoice type what is to be selected 'DEEMED EXPORT'?? And material purchased to supply to this merchant exporter so whether we are supposed to claim refund of input of material supplied to merchant exporter?
09 November 2021
It will not fall under deemed export. The supplier who supplies goods at the concessional rate will be eligible for refund of ITC on account of inverted tax structure as per the provisions of section 54(3)(ii) of the CGST Act.
10 November 2021
Sir we have supplied goods at 0.1% GST to the company who in turn will export the goods...So in GSTR1 what is to be selected under INVOICE TYPE? and inverted duty structure refund provision will be applicable to us or not?Please clarify
CAclubindia
