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Payment of IGST on export

Laltha Zuala (154 Points)

12 April 2023

If I am exporting goods with payment of tax, when and where will I made payment of IGST on the export?

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12 Replies

Harshini Hasthavaram (31 Points)
Replied 12 April 2023

The IGST is usally paid by the exporter at the time of export. This exporter's shipping bill is a claim for a refund in and of itself. The exporter adds IGST at the appropriate rate to the export invoice for rates specified for different goods and services. In this Only IGST paid on exports of goods or services and input tax credits on goods and services that went unused are eligible for refund.

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1 Like

sabyasachi mukherjee (27835 Points)
Replied 12 April 2023

It's a exporters shipping bill at the time of export.

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Laltha Zuala (154 Points)
Replied 12 April 2023

How can I pay the IGST on export? In GSTR3B or Shipping Bill?

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 12 April 2023

Dear Laltha
You need to report :
In GSTR 1 under Table 6A. (With payment of Tax)
same will be autopoplated with IGST payable in GSTR-3B under table 3.1(B) and after adjusting the ITC reported in GSTR-3B NET LIABILITY NEEDS TI PAID.

Means IGST on export is paid after adjustment of ITC.

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Laltha Zuala (154 Points)
Replied 13 April 2023

Thank you.

Prerna Sharma (7 Points)
Replied 13 April 2023

IGST is a tax that is levied on the supply of goods and services that take place across state borders. It is a single tax that is charged on the total value of the goods or services, including the central and state components of the GST.

IGST is collected by the central government and is then distributed among the states based on the consumption of goods and services in each state. This ensures that the state where the goods or services are consumed receives the appropriate share of the tax revenue.

Exporting goods and services under the GST regime is a simple process. Businesses that export goods or services need to pay IGST at the time of export. The IGST paid can then be claimed as a refund by the exporter.

To read more about this, you can visit Exporting Goods & Services upon payment of IGST

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Krishna Murthi (37 Points)
Replied 16 April 2023

Do I need to payIGST on export of services if my turnover for the year is well below exemption limit?

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 16 April 2023

DEAR KRISHNA MURTHI

FIRST OF ALL :

1. IGST ON EXPORT IS APPLICABLE ONLY FOR REGISTERED PERSON. SO IF YOU ARE REGISTERED THEN THERE IS NO SUCH CRITERIA FOR EXEMPTION

2.IGST ON EXPORT IS NOT PAID IF YOU HAVE FILED LUT FOR THE FY

SO THE THRESHOLD LIMIT DOES NOT DECIDES FOR THE SAME

Krishna Murthi (37 Points)
Replied 17 April 2023

Let me be more specific. Currently I am not registered with GST since my turnover is well below exemption limit. My current consultancy serivices are for Indian clients only. I now have an opportunity to provide cosultancy for foreign clients and earn Forex. Even with that service my turn over will be well below the threshold limit of RS 20 Lakhs.

Do I need to register with GST?

Do I need to charge IGST ? Or

Do I need to give an LUT?

i will appreciate specific answers please.

Laltha Zuala (154 Points)
Replied 17 April 2023

Originally posted by : Harshini Hasthavaram

What do you mean by 'paid at the time of export'? Is it not to be paid in GSTR3B either through bank challan or ITC?

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 17 April 2023

No you are not required to obtain registration if your threshold limit is below 20 lac.

Note : advisable to take the registration as due to export there will foreign remittance. (but as per gst law you are not required obtain registration)