I am supplying a goods to exporter and he has taken LUT under rule 96A of gst rule 2017.Now my buyer (who is exporter) is asking me not to charge gst on goods supplied to him.kindly tell me is it possible?what is the procedure i need to go through?
Thanks in advance
Export procedure if you have obtained LUT or Bond no need to charge IGST in your Sales Invoice. See Notification 15
Within India supplies or sales no need of LUT or Bond. Please go through the followings:
(a) You have to sales showing either (i) IGST or (ii) SGST+CGST in Tax Invoice. Exceptions to exempted items (no needs to show tax parts).
(b) One more point if you are Composite Dealer than you have to raise Bill of Supply not Tax Invoice (you couldnot collect tax from the Buyer, hence you couldnot show tax parts in your Bills)
(c) "If you are supplier and supplying your deals in to a exporter"- The concept is wrong. You couldnot treat the Buyer as Exporter. Under GST, you should categoried this type of Buyer in B2B (i.e. Business to Business)
I am not an expert to comment. But what I know I have shared from the very question you have asked and I understand.
Thanking you
Santanu K Baruah
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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