Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Deemed export billing at 0.1%

Mayank Khemka (74 Points)

09 May 2018

Is a register supplier( trader) allowed to bill an exporter at 0.1% . And if yes .....

1. how to bill such a thing ?

2. what additional documents are required apart from eway bill for the road .

3. And will e way bill accept this tax percentage ?

4. How to file the return for this kind of trasnsactions?

Thanks in advance

Reply
Follow
Share

2 Replies

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 10 May 2018

As per notification 40/2017

yes a register supplier can bill to merchant exporter @ 0.1℅
under following;

The registered supplier shall supply the goods to the registered recipient on a tax invoice;
Goods to be exported within a period of ninety days from the date of issue of a tax invoice issued by the registered supplier.
Merchant exporter shall indicate the GSTIN and the tax invoice number issued by the registered supplier in the shipping bill or bill of export, as the case may be;
Merchant exporter shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier;

query 3:
in eway bill GST tax is optional & moreover u dont need ito put tax rate , instead u can put GST TAX Amount

Show such bill in B2B sale

For more clarification plz go through the above Notification

Upgrade to CAclubindia Pro. Subscribe Now!

An Article student (student) (33 Points)
Replied 01 March 2019

Sir,

As goods are delivered directly to port in Maharashtra from Hyderabad,shall we charge CGST and SGST or IGST.In this case both the supplier and recipient are registered in Telangana.

1 Like