A Merchant exporter dealing in hardware products, buying from manufacturer in local market and exporting it.
Is it correct that, the merchant export will only need to pay 0.1% GST while procuring finished goods from local market?
Thanks in advance.
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0.1% gst on purchases for merchant exporter, is it correct?
Replies (6)
advance licence holder, 100%EOU and EPCG can export @ 0.1% till 31.3.18...This is applicable at a time of export... exporter has to pay full duty on purchase.
Thanks for the reply Hitesh,
I read an article on timesofIndia Website, Article Link
The last sentence says, "Merchant exporters will pay 0.1% GST for purchases from domestic players."
Also, it was posted on the Press Information Bureau, GOI Website : Press Release Link
Point 'c' states: "Merchant exporters will now have to pay nominal GST of 0.1% for procuring goods from domestic suppliers for export. The details would be released soon."
So wanted to confirm.
I think the implementation / notifications for this is yet to come.
Even though Govt have issued many notifictaions based on this press brrief, the notifications for 0.1% GST for Merchant Exporter ahve not yet come out.
now notification released Can anybody confirm that 0.10% is for merchant or deemed export ?
merchant export has to pay 0.1% IGST / 0.05% SGST & 0.05% CGST (Whichever applicable) on purchase form factory.
There is Notification No. 41/2017--Integrated Tax (Rate) Dtd. 23rd October, 2017
How to implement, kindly guide
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