export

GST Invoice for Export purpose
Thursday, July 06, 2017 Category : GST

Endorsement in GST Tax Invoice under Exports

How to prepare Invoice for export if GST involved? Is Invoice prepared as normal for export purpose also? Are there any changes to be effected in Export Invoice, if GST involved?


As you know, export of goods from India attracts nil GST. However, if GST is paid at any point of time against exports from India can be either refunded or can be exported under bond without paying GST.

If IGST is involved on any exports from India, the Export Invoice has to be reflected an endorsement as “Supply meant for Export on Payment of IGST” or “Supply meant for Export under bond without payment of IGST”.

Any movement of goods for export where IGST is leviable can be effected in two methods. Either the exporter from India can pay IGST in advance and gets refund later after exports by submitting required documentary proof for exports or the exporter can execute a bond against IGST leviable against such goods. If a bond is executed by an exporter against IGST payable against such export goods, the exporter can cancel such bond by producing required proof of documents of exports.



The contents in Export Invoice remains same except inclusion of following information:

1. An endorsement in Export Invoice as “SUPPLY MEANT FOR EXPORT ON PAYMENT OF IGST” or “SUPPLY MEANT FOR EXPORT UNDER BOND WITHOUT PAYMENT OF IGST”, as the case may be, and shall, in lieu of the details.
2. Name and address of the recipient
3. Address of Delivery
4. Name of the country of Destination
5. Number and date of application of removal of goods for Export (ARE-1)


The above procedures are same as central excise procedures for movement of goods for export, previous to introduction of GST except slight changes in procedures

you can use LUT or BOND for export without payment of duty. same process as earlier. please refer 26/2017 notification for more clearity

sir/madam

i have a dout,regarding export of goods (or) services, exporter has an option to,

not to pay igst,uner LUT,or,BOND,

(0r)

pay tax ,get refund of taxes so paid....i have a doubt regarding this,option,,,Whether payment of taxes with utilizing (ITC)or not ,please make me clear...

dear refer 26/ 2017 notification all doubt cleared . down load file from Google . otherwise I will send . my number 9512947485 , please send hi massage ,i will send on what's up.

Originally posted by : NITIN KOTAK
	dear refer 26/ 2017 notification all doubt cleared . down load file from Google . otherwise I will send . my number 9512947485 , please send hi massage ,i will send on what's up.

I have some confusion regarding exports to Nepal.

If I am purchasing goods on payment of CGST+SGST(If Local) or IGST(if Intra State), so when I export the said goods to Nepal, then do I have to pay any GST?

Also is it compulsory to export under Bond/LUT?

Thanks in Advance.