Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 10 April 2017
Export shall attract IGST. That IGST is exempted as zero rated supply under Section 16 of the IGST Act. The export can be made either under bond or letter of undertaking without payment of tax, or can be exported after payment under claim of refund. In both the cases input tax credit shall be available.
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 10 April 2017
Export shall attract IGST. That IGST is exempted as zero rated supply under Section 16 of the IGST Act. The export can be made either under bond or letter of undertaking without payment of tax, or can be exported after payment under claim of refund. In both the cases input tax credit shall be available.
ashish nirmal
(executive)
(24 Points)
Replied 19 April 2017
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 19 April 2017
The procedure has not been prescribed as yet. But the Acts prescribes that export of goods as well as services can be done either on payment of tax or under bond.
Sangeet
(MANAGER EXPORT )
(34 Points)
Replied 15 July 2017
Dear Sir, We sale our products through our Ecom Portal to International Customers and payments are recievd via PAYPAL mode which transfers the amount in INR to our Indian Bank account. The value of such sales varies from USD 10 to USD 500 depends on the orders. The orders having value less than Rs.25,000/- were allowed without any Formal custom clearance in Courier mode and above Rs.25,000/- with Formal custom clearance. The question is when we will FILE GSTreturn on portal in August /September 2017 for month of July then will these Ecom Internatioonal Sales will come under Exports or any other head?
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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