Export under GST Act

[Narendra Soni]

Dear Export,

Please suggest

Whether export will be on payment of tax or without payment of tax under GST Act.

AI Summary

Debate on GST Act: Will Exports Be Taxed, Exempt, or Zero-Rated? Clarification Needed on Refund Options. The discussion revolves around the treatment of exports under the Goods and Services Tax (GST) Act. Participants are uncertain whether exports will be taxed or exempt. Some believe exports will be zero-rated, meaning no tax is payable but input tax credit is available. There is a call for clarity on whether exporters can choose between tax exemption or refund, as in the Central Excise Act. The draft GST law suggests exports are zero-rated, and discussions include provisions for refunds and export under bond. Participants agree that final rules are pending and advise waiting for further clarification.