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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.

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2 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14167 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) (55032 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