CA. Heet Shah
Quick Summary
The tax on a supply made for export is exempted vide section 6/9 of CGST/IGST Act, 2017. Accordingly, the supply made for export is exempt in excess of 0.1%, only if certain conditions are fulfilled. Therefore in case if one is supplying to Merchant exported @0.1% (IGST) or 0.5% (CGST SGST each) fo
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FAQ :
Supplies made for export are generally exempted from GST under Section 6/9 of the CGST/IGST Act, 2017.
Conditions include supplying under a Tax Invoice, the recipient exporting goods within 90 days, the recipient indicating the supplier's GSTIN and Invoice No. on the BOE or shipping bill, and the recipient being registered with EPCG or a Commodity Board.
The recipient must provide the supplier and their jurisdictional officer with a copy of the BOE/Shipping bill showing the supplier's GSTIN and tax invoice, and the EGM or Export Report.
If the recipient fails to export the goods within 90 days, the exemption granted at the concessional rate stands withdrawn.
Auditors should verify that clients have maintained proper documentation and that the goods have been exported within the 90-day time limit.
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