Export sales

253 views
User Avatar

374 Points Posted on 09 February 2020
On export of sales without lut or bond who has to pay tax exporter or buyer of goods?
0 Reply Share Follow
On 09 February 2020 at 19:31 Report
Replies (3)
Quick Summary
When exporting goods under GST without a Letter of Undertaking (LUT) or bond, the exporter is responsible for paying IGST. This tax can be paid using input tax credits or cash. The exporter can then claim a refund of the IGST paid once the export process is complete. The buyer of the goods is not liable for this tax.

User Avatar

GST Practitioner & Accounts
15150 Points Posted on 09 February 2020

Export  under  GST  is  Zero  rated ( No GST )  , you (exporter )   supplier  has to   pay  IGST for  export  and  same  will  be  refunded  after  compilation  of process .   

Reply
On 09 February 2020 at 20:07
User Avatar

banglore
1496 Points Posted on 09 February 2020
Exporter has to bear the GST either utilising credit and cash balance. However post payment, can file for refund claim of the tax paid
Reply
On 09 February 2020 at 20:28
User Avatar

GST Practitioner
55067 Points Posted on 10 February 2020
Offcourse Exporter is liable to Pay Tax .

As he only the person who is Registered under GST and in Taxable territory.
Reply
On 10 February 2020 at 01:15

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. WRONG TAX DEMAND - formal responses , rectificatio
  2. Foreign remittance
  3. Affordable Residential Flats in Gurgaon
  4. Manufacturing
  5. TAN REGISTRATION ON E-FILLING SITE
  6. Form 10-IEA – Continuing Old Regime
  7. Income tax act 2026
  8. Belated Return where Form 10IEA filed this year to
  9. GST Reconciliation Tool (2A vs Books) - looking fo
  10. TDS ON PF FORM 19 WITHDRAWAL

More recent discussions | Post

Related Topics :

Loading