Gst act for export of shawls

hi

while you buy the material , i suppose you buy from other state by paying the IGST

in such case you have 2 options 

Option 1

Pay the IGST on export value of 130   to government assuming the IGST Rate of 18%  you will pay to Governemtn 23.4 

in this case the customer will be billed  only with 130 -  and you will receive this 2 $ in convertible forex

in this case you can use the input IGST of 5 Rs.  and pay net of 18.4  and apply for refund of full out put tax of 23.4

Option 2   

Do not pay anything on export as Zero rated  and then apply for refund of Input credit of only Rs.5

IF you have bought from same state i.e by paying CGST / SGST then you have to only go for refund application subject to conditions

Thanks

THanks.

I want re clear that 

I am purchasing locally in Amritsar Shawls @ Rs.100 paying supplier Rs.105 as 5% GST.

Now I export @ $2=00 what will be prodecure.I have to bill 2Rs.130=00 (US$ opprox) + 5% again is GST Rs.6.50?

1-I will get 5% back Rs.5-00 or will get back 6.50.

2-I will get back Duty Draw back as getting till now ? What will be DBK after GST.

Kindly clear and oblige.

Regards.

nk

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