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Export of goods

rahul (article) (41 Points)

16 February 2018

IN case of export of good , supply of good is made with in india, as per the instruction of the buyer based outside india and buyer will make the payment in foreign covertible currency, will such transcation is subject to IGST or will it will considered as Zero rated

regards

Rahul

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5 Replies

Shivani Aggarwal (28 Points)
Replied 16 February 2018

In this case Location of Supplier is in India and Place of Supply as per Sec 11 of IGST Act will be place outside India. Also other conditions to export i.e. Location of recipient outside India and payment in convertible foreign exchange is satisfied.
As per my opinion such supply will be treated as export and therefore will be treated as zero rated supply.

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RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 16 February 2018

The supplier of goods is based in India. The goods are not physically being exported at this stage. therefore, the supply is interstate supply as provided in section 7(5)(a) of IGST Act. Therefore, IGST would be applicable.