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Export of Goods

22 January 2019

Dear Experts,

I have export of Goods ( Coconut Oil and Coffee Beans not roasted) Export to USA
As per rule Export of Goods or Services is Zero rated supply
Now question is first GST payment then refund GST amount and submit LUT or bond?

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10 Replies

prasad Nilugal (3914 Points)
Replied 22 January 2019

Either you pay IGST and take refund or Submit LUT / Bond , subject to conditions .

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 22 January 2019

Its better to file application for LUT

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 22 January 2019

As per Circular 40/14/2018 , Its better to file LUT online on portal & export without payment of IGST

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 22 January 2019

As per Circular 40/14/2018 , Its better to file LUT online on portal & export without payment of IGST

1 Like

Sanjiv Rajpoot (3430 Points)
Replied 22 January 2019

agree with pankaj rawat sir if u take LUT then u can export without payment of tax

2 Like

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Vipul Acharya (Account Officer) (647 Points)
Replied 22 January 2019

We are not the regular exporter and I have to made one export sale this year and I will opt for export payment of GST

kindly guide me do I need to show this sale in GSTR 1 B2C or Table 6 of GSTR 1 or both.

Also confirm procedure for purchase ITC and IGST
paid refunds