Category: Export under GST

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What are the specific requirements of an export supply

The document should carry any one of the following endorsements, as applicable:
 Supply meant for export on payment of IGST                                                                  Supply meant for export under bond or letter of undertaking without payment of IGST
Also, the document should contain the following details of the recipient:
 Name and Address
 Address of Delivery
 Name of the country of Destination

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE CREDIT AND DEBIT NOTES : FAQ NO. 46)

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CBEC Advisory on Drawback during 01-07-2017 to 30-09-2017

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”

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CBEC Advisory on GSTIN / PAN and Invoice information in Shipping Bill

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”