dear sir
my client has sold the goods to merchant exporter, such merchant export said charge gst rate igst 0.1% for taxable sales. my doubt was any goods sold to any one igst ( gst rate 5 or 12 or 18 or 28%) was applicable.But such merchant exporter why charges tax invoice gst igst rate 0.1% ?
explain the concept sir
As per notification no. 40/2017-central tax (rate) and 41/2017-central tax (rate) both dated 23.10.2017, the registered (merchant exporter )supplier would supply the goods to the registered recipient on a tax invoice charging GST as follows :
COMPLIANCE
1. THE REGISTERED RECEIPIENT SHALL PLACE AN ORDER ON SUPPLIER FOR PROCURING GOODS AT CONCESSIONAL RATE & COPY OF SAME SAHLL ASLO BE PROVIDED TO THE JURIDICTIONAL TAX OFFICER OF REGISTERED SUPPLIER
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
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CA Final
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