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Export of goods

M. J. (Finance Professional ) (154 Points)

14 June 2017

one of my client has interstate purchases and intra state purchases (doesn't purchase through import). and sell through exports to middle east and Europe. the product is branded perfumes. it is taxable under GST. what and how the taxability implications will be under GST act?? please consider the zero rated supply concept here. please explain with examples.

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3 Replies

Sri Snigdha (Articles Assisstant) (499 Points)
Replied 14 June 2017

since the exports are considered as zero rated supply, not liable for gst.

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PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
Replied 14 June 2017

Export supply is fall under the defination of Zero Rated Supply. So the zero rated supply is taxable.

If a person make taxable supply then the person is liable for gst registration.

What is the other point that an exporter needs to get registration under gst?

If you want to get refund the amount of Input Tax Credit then you have to get registration.

Exporter have 2 options:-

1) Pay tax on export, claim ITC and then apply for refund..

2) Don't pay tax on export just apply for refund again input tax...

Sangeet (MANAGER EXPORT ) (34 Points)
Replied 15 July 2017

Dear Sir, We sale our products through our Ecom Portal to International Customers and payments are recievd via PAYPAL mode which transfers the amount in INR to our Indian Bank account. The value of such sales varies from USD 10 to USD 500 depends on the orders. The orders having value less than Rs.25,000/- were allowed without any Formal custom clearance in Courier mode and above Rs.25,000/- with Formal custom clearance. The question is when we will FILE GSTreturn on portal in August /September 2017 for month of July then will these Ecom Internatioonal Sales will come under Exports or any other head?