IGST on Imports and Exports


Rohith Kumar (Article Asistant)     09 December 2019

Rohith Kumar
Article Asistant 
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I have imported goods from one country and sold to other country. So what is the impact on IGST.

prasad Nilugal (Accountant and GST Practitioner . )     09 December 2019

prasad Nilugal
Accountant and GST Practitioner .  
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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 . 

avater

Pankaj Rawat (GST Practitioner)     10 December 2019

Pankaj Rawat
GST Practitioner 
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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


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