Sir we are registered gst person, but we don't have I E C . We sent goods to other state to a shipping company. then they are the one who export the goods to overseas. Now they asking 0.1% lut gst rate for that value in that invoice. Is it correct sir? How we declare this invoice in gstr1 sir . Kindly
Menu
EXPORT THROUGH CARGO COMP
Replies (4)
Quick Summary
You can treat the Invoice as "Deemed Export Invoice" at the rate of 0.1% and You can make tick of the check box "Deemed Export" in GSTR-1 for the corresponding Invoice.The concept of "Deemed Export" is that you can make the supply of goods to the "Exporter" and then "Exporter" make the Export of goods...
Thanks very much sir
One more question sir,
They sent the product "NOT FOR SALE "
but they put some value for that goods (e.g 100000/-) and pay tax igst 0.1%
is it correct?
No,You can raise a Deemed Export Taxable Invoice @ 0.10% to them and they are Exporter of Goods...
Recent Topics :
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
Related Topics :
CAclubindia
