Dear Sir, whether gst is applicable or not for supply of labels, out of india also any compliance of income tax
Replies (3)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for supplying labels outside of India. It confirms that such supplies are considered exports. If exported under a Letter of Undertaking (LUT), GST is not applicable. Alternatively, if GST is paid (at 18% or the applicable rate) and then claimed back as a refund, or if exported under bond with a claim for unutilised Input Tax Credit (ITC) refund, specific procedures apply.
It's zero rate supply under bond ,you can claim refund of unutilized itc as per rule 89(4) .. if you supplied by paying igst after setting of itc ..then can claim refund the same