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?
4 Replies
Nagendra Jagannatha
(5 Points)
Replied 14 September 2017
as per GST act exports are exempted and GST shall be NIL no question of IGST
Nagendra Jagannatha
(5 Points)
Replied 14 September 2017
as per GST act exports are exempted and GST shall be NIL no question of IGST
CA Shashikumar PN
(Consultant - Taxation)
(264 Points)
Replied 14 September 2017
No since you will be exporting against a Bond, payment of gst not required.
Rushabh Savla
(4 Points)
Replied 17 September 2017
CAN FIRST TIME EXPORTERS SELL GOODS AGAINST ISSUING A BOND?
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