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Deemed Export

Gowtham Muthu (student ) (1 Points)

03 August 2019

what is deemed Export?
How to use in common portal?
How it affet GSTR 1 ?

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5 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 03 August 2019

as per Section 147 of CGST Act . The Government may, on the recommendations of the Council, notify certain supplies of goods as deemed exports, where goods supplied do not leave India, and payment for such supplies is received either in Indian rupees or in convertible foreign exchange, if such goods are manufactured in India

Report it under Table 4 (b2) by selecting option Deemed Export

subhagan sreerangam (7039 Points)
Replied 03 August 2019

good clarification and information

Shivam RC (Student) (23683 Points)
Replied 29 August 2019

GOOD NEWS :

The due date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.