Dear Experts🙏..
My Client GST registration is in Tamil Nadu. He buys goods in China and sells the same goods to South Africa.
Goods never arrive in India. Goods go directly from China to South Africa.
He gives money through Dollar and receives money through Dollar.
Whether to report turnover in 3B and GSTR-1.
Which document should we have in hand for this?
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GST export turnover
Replies (4)
As per GST provisions, it is neither import nor export. As per Schedule III to CGST Act, 2017, such transactions should neither be treated as supply of goods nor as supply of service. Therefore, GST will not be applicable.
When GST is not applicable, so there is no need to report such transctions in any GST return.
This is my view, let's see what other experts say in this.
Regards
As per Schedule III under Para 7 it's Merchant Trading & Transaction prescribed in Schedule III are neither supply of goods nor supply of services.
But it's advisable to report the same under table 8 of GSTR-1
But it's advisable to report the same under table 8 of GSTR-1
No need to show transaction value in GSTR-1 and GSTR-3B return.
There is harm to report under Non GST supply . Moreover in GSTR-9 (Annual Return ) under table 5 (F) there is column provided " Non GST supply" to report such supplies.
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