Refunds under GST – Page 5

What is the treatment of clearances effected to Special Economic Zones

The clearances effected to the SEZ are zerorated supplies in terms of Section 16 of the IGST Act,2017.
Accordingly, the supplier can claim refund of IGST paid on such supplies or clear the same under bond/letter of undertaking and claim refund of the unutilised ITC.

(FAQ 5: DRUGS AND PHARMACEUTICALS)

The SEZ unit located in a State is treated as a business vertical distinct from other units located in the State outside the SEZ [first proviso to Rule 8 of
the CGST Rules, 2017 read with Section 25 of the CGST Act, 2017].
Hence, separate registration is required to be obtained for the unit located in SEZ.

(FAQ 6: DRUGS AND PHARMACEUTICALS)

For a transition period of three months i.e. 1.7.2017 to 30.9.2017, composite rates of All Industry Rate (AIR) drawback are available to exporters.

I. These composite rates are subject to certain conditions during transition period that ensure that input credit /refund under GST and drawback of composite rates are not taken together for the export product. Continue reading “CBEC Advisory on Drawback during 01-07-2017 to 30-09-2017”

1. Quoting GSTIN in Shipping bill is mandatory if the export product attracts GST for domestic clearance.

2. Quoting PAN (Permanent Account Number), which is authorized as Import Export code by DGFT, would suffice if the exporter exclusively deals with products which are either wholly exempt from GST or out of GST regime. Continue reading “CBEC Advisory on GSTIN / PAN and Invoice information in Shipping Bill”