Sir we are registered gst person, but we don't have I E C . We sent goods to other state to a shipping company. then they are the one who export the goods to overseas. Now they asking 0.1% lut gst rate for that value in that invoice. Is it correct sir? How we declare this invoice in gstr1 sir . Kindly
4 Replies
Kesavaraj S
(580 Points)
Replied 07 November 2022
You can treat the Invoice as "Deemed Export Invoice" at the rate of 0.1% and You can make tick of the check box "Deemed Export" in GSTR-1 for the corresponding Invoice.The concept of "Deemed Export" is that you can make the supply of goods to the "Exporter" and then "Exporter" make the Export of goods...
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 08 November 2022
One more question sir,
They sent the product "NOT FOR SALE "
but they put some value for that goods (e.g 100000/-) and pay tax igst 0.1%
is it correct?
Kesavaraj S
(580 Points)
Replied 08 November 2022
No,You can raise a Deemed Export Taxable Invoice @ 0.10% to them and they are Exporter of Goods...
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