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
Menu
EXPORT THROUGH CARGO COMP
Replies (4)
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...
Thanks very much sir
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?
No,You can raise a Deemed Export Taxable Invoice @ 0.10% to them and they are Exporter of Goods...
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
