WE ARE FIRST TIME MERCHANT EXPORTERS. WE HAVE RECEIVED ADVANCE PAYMENT FOR EXPORT ORDER. OUR EXPORT WILL BE AGAINT BOND. WE WILL BE SUPPLYING THE MATERIAL IN 40DAYS TIME.
DO WE NEED TO PAY IGST FOR THE ADVANCE MONEY THAT WE HAVE RECEIVED?
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Gst on advance received for export
Replies (4)
as per GST act exports are exempted and GST shall be NIL no question of IGST
as per GST act exports are exempted and GST shall be NIL no question of IGST
No since you will be exporting against a Bond, payment of gst not required.
CAN FIRST TIME EXPORTERS SELL GOODS AGAINST ISSUING A BOND?
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