ICICI

EXPORT GOODS VALUE


MURALIDOSS (INCOME TAX PRACTITIONER)     19 November 2019

MURALIDOSS
INCOME TAX PRACTITIONER 
 34 likes  1077 points

| My Other Post

A DEALER EXPORT- NOT FOR SALE IN INDIA GOODS WITH A VALUE OF 100000/-  WITH IGST. WHEN HE RECEIVED THE PAYMENT HOW IT REFLECTS IN HIS BOOKS OF ACCOUNTS?

avater

Pankaj Rawat (GST Practitioner)     19 November 2019

Pankaj Rawat
GST Practitioner 
 2955 likes  39570 points

View Profile | My Other Post

Dear Muralidoss
cannot get your query , can you elaborate ???

avater

MURALIDOSS (INCOME TAX PRACTITIONER)     05 December 2019

MURALIDOSS
INCOME TAX PRACTITIONER 
 34 likes  1077 points

View Profile | My Other Post

A dealer exports dish antenna for Rs.100000/- + igst 18000/- , but this product not for sale. only they can collect a deposit for connection. when he going to receive this amount how it will reflect? 

avater

Pankaj Rawat (GST Practitioner)     05 December 2019

Pankaj Rawat
GST Practitioner 
 2955 likes  39570 points

View Profile | My Other Post

Dear Muralidoss

As the query sounds the goods sent out of india is not for sale purposes .

In term of circular 108/27/2019, such transaction are not cover u/s 7 of cgst ACT & Section 16 of IGST ACT, hence its neither a supply nor export.

so as prescribed in said circular need to be sent as per rule 55 of cgst act on Delivery Challan & shall be return back within Six months.

 

kindly refer above said circular for the same


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »