RESPECTED SIR
CONDITION :1
If I import machinery say from! 'A' country to India & export the same to 'B' country, what is the GST applicability???
CONDITION : 2
Same as above condition 1 except, I do some changes (repair) in machinery imported & then export that repaired machinery
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import & export of machinery
Replies (3)
| Originally posted by : Pankaj Rawat | ||
 |
RESPECTED SIRCONDITION :1If I import machinery say from! 'A' country to India & export the same to 'B' country, what is the GST applicability???CONDITION : 2Same as above condition 1 except, I do some changes (repair) in machinery imported & then export that repaired machinery |  |
Hi Pankaj,
1. Whenever you will do import service at the time you have to pay IGST @ 18% the same you can claim ITC in next month.
2. Whevever you are going to be done export service at the time you have to pay IGST @ 18% .the same you can Go for refund claim to Local GST office if you are not interested to pay IGST @ 18% then you need to be submitted LUT without payment tax you can do export business.
Thanku very much, but is there is anything in refer to section 13 of IGST act in regard to my query
Moreover in condition 2 the machinery was imported for repair why IGST to be charge therein???
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