IGST on Imports and Exports
(Guest)
I have imported goods from one country and sold to other country. So what is the impact on IGST.
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 09 December 2019
On Import of Goods you have pay IGST on RCM and Export is Zero rated ( No GST ) supply under GST law , you can either export the goods by paying IGST and then claim refund or through LUT /BOND subject to conditions .
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 10 December 2019
Dear Rohit
If you have imported goods means the goods had been crossed the custom barrier of Indian & brought into India , then you exported the same to some other country , then follow the reply by Mr. Prasad.
And if the goods are never entered into India , & sent from one country (Non taxable territory) to another , then it cover under schedule III , hence there is no GST . It's neither a supply of goods nor supply services
If you have imported goods means the goods had been crossed the custom barrier of Indian & brought into India , then you exported the same to some other country , then follow the reply by Mr. Prasad.
And if the goods are never entered into India , & sent from one country (Non taxable territory) to another , then it cover under schedule III , hence there is no GST . It's neither a supply of goods nor supply services
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