Murali T (Manager Compliance) (33 Points)
13 January 2022Dear All,
We got order from ABC Co., Ltd Mumbai, against this order we have imported goods(Trading goods) from Germany and goods moved bonded warehouse. Customer provided us EPCG license to clear goods by filling ex-bonding bill of entry(Bill of entry will be filed in the name of customer) to get duty exemption under EPCG. Now we have raise an sale invoice to customer whether we need to charge IGST on invoice or not.
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 14 January 2022
Nidhi
(Chief Accountant)
(3150 Points)
Replied 14 January 2022
Pramod Limaye
(37 Points)
Replied 14 January 2022
The goods have been sold while they have been stored in bonded warehouse. Hence, you will have to charge IGST in your sales invoice to your customer.
The customer will file ex-bond Bill of Entry and clear the goods. He will pay BCD & IGST at the time of clearance of the goods.
Both IGST paid will be available as ITC to the customer.
Murali T
(Manager Compliance)
(33 Points)
Replied 20 January 2022
Thank you, Can you help me out any notification details.
Murali T
(Manager Compliance)
(33 Points)
Replied 20 January 2022
Thank you, Can you help me out any notification details.
CAclubindia
