sales made to person residing outside india...IGST is charged on the same...
where to show in GSTR-1???
Menu
Sales made to person residing outside india
Replies (22)
Gst n exports attracts nil rate. So no Igst applicable. https://cleartax.in/s/impact-of-gst-on-export-of-goods-and-services
Sales made out side India is Export .Under GST law export is treated as Zero rested supply /( No GST) , and you export either by payment of IGST
and calim refund or Submitting LUT , subject to conditions .
My question is Have you charged IGST out-side India party ?.
and calim refund or Submitting LUT , subject to conditions .
My question is Have you charged IGST out-side India party ?.
Sales made to a person residing outside India if goods are exports therefore it is to be shown as zero rated supplies
If it is services then it can be either exports or non exports. If it is exports it has to be shown as zero rated supplies.
If it not exports then it is non gst outward supplies.
Mr. Prasad concern is correct becuase I think it needs to be reversed if you charge igst.
If invoice as customs document,may it will be treated as zero rated.
@ prasad
- IGST is charged on the export sales.
- No application of LUT was made for that financial year.
- IGST is charged on the export sales.
- No application of LUT was made for that financial year.
Have you Changed IGST in Invoice ,Outside India party or Overseas Customer ?.
Yes place of supply of service is mentioned as outside India, in invoice issued and IGST is charged.
Is this Invoice is routed through Customs of India ?.
No custom is no were involved
In my opinion you can apply for refund of the IGST paid on this export sale.
If custom is nowhere involved is it sale of goods or services?
If it is sale of Goods then must supply through custom & as you have not furnished the LUT hence IGST is applicable & for the same can check the Shipping Bill.
in case of supply of services there is no involvement of Custom & you need to raise the tax invoice by charging IGST.
in case of supply of services there is no involvement of Custom & you need to raise the tax invoice by charging IGST.
Pankaj , If we charge IGST to overseas customer , then how this supply of service is Zero rated , as per IGST act ?. and same thing is done by queriest
Recent Threads
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
Related Threads
CAclubindia
