Exports under gst regime

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Kanika Gupta

21 Points Posted on 25 July 2017

Earlier Exports was done against H form but now post GST , invoice are gst tax paid goods which needs to be exports.Few questions arise on the change in procedure for exports:

1.Conditions to file LUT/Bond and documents required before exports of goods?

2.If availing option 2 , (other than point 1.) IGST is required to be paid .When before shipment or at the time return filing?

3.Which option is better to opt?

4.Procedure/documents required for refund in both options?

5.Timelines the refund will be received.

Please reply with your suggestions.

Replies (4)

Arun Kumar Singh

GST Advocate

13166 Points Posted on 25 July 2017

A status holder as specified in paragraph 5 of the Foreign Trade Policy 2015- 2020; or who has received the due foreign inward remittances amounting to a minimum of 10% of the export turnover, which should not be less than one crore rupees, in the preceding financial year, and he has not been prosecuted for any offence under the Central Goods and Services Tax Act, 2017 (12 of 2017) or under any of the existing laws in case where the amount of tax evaded exceeds two hundred and fifty lakhs rupees are eligible for letter of under taking otherwise you need to apply for bond. The option of without payment of duty is always better with respect to export with payment of integrated tax.

Rahul Agrawal

Student CA IPC / IPCC

34 Points Posted on 25 July 2017

In case if I opt for payment of IGST under exports will IGST have to be levied on bill for example i export for $100 then I have to bill it for $118 including IGST or Ihave to bill it for $100.

This querry aroused because I will get refund of IGST then why it will be unnecessary cost of my customer