deemed exports status in gst

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in present scenario by issuing form f -we can purchase material from local party for exports-the party will not

collect any taxes.

what is the status in GST

AI Summary

GST Impact on Deemed Exports: Transition from Statutory Forms to Supply-Based Taxation with Refunds Available A discussion on the implications of the Goods and Services Tax (GST) on deemed exports highlights the transition from the previous system of using statutory forms, like Form F and Form H, to a new regime where all supplies, including exports, are taxed. Refunds are available for GST paid on deemed exports. Experts note that statutory forms will be abolished, and taxability will be based on the supply concept. Concerns from the export sector suggest that zero-rating deemed exports could support domestic manufacturing. The GST aims to eliminate exemptions, ensuring only the final consumer bears the tax burden.