Deemed Exports declared u/s 147 of CGST by Notification 48/2017 dated 18-10-2017

Deemed Exports declared u/s 147 of CGST by Notification 48/2017 dated 18-10-2017

  • Supply of goods by a registered person against Advance Authorisation
  • Supply of capital goods by a registered person against Export Promotion Capital Goods Authorization.
  • Supply of goods by a registered person to Export Oriented Unit
  • Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance Authorisation.

Further as per Notification 47/2017-CT dated 18-10-2017, substituting the 3rd proviso to Rule 89,  application for refund in deemed exports can be filed by :

(a) the recipient of deemed export supplies; or

(b) the supplier of deemed export supplies in cases where the recipient does not avail of input tax credit on such supplies and furnishes an undertaking to the effect that the supplier may claim the refund”;

As per old rule application for refund could be filed by recipient only in case of deemed exports.

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