WE ARE MERCHANT EXPORTERS, PURCHASING FROM EXCISABLE UNITS AS WELL AS NON-EXCISABLE MANUFACTURERS. NOW , WITH GST COMING IN, IS THERE ANY SCHEME OR PAPERWORK WHICH CAN BE UNDERTAKEN BY US MERCHANT EXPORTERS , WHEREIN WE CAN AVOID PAYING THE GST TO OUR SUPPLIERS,( JUST LIKE ARE-1/ FORM H ) WHERE WE AVOID PAYING THE SAME.
THE GST AT POINT OF PURCHASE WILL ADD A HUGE AMOUNT TO OUR CAPITAL REQUIREMENT.
PLEASE ADVISE
Merchant Exporters Seek GST Relief on Purchases; Await New Foreign Trade Policy for Clarity and Solutions A merchant exporter raised a query about avoiding GST payments when purchasing from excisable and non-excisable manufacturers, similar to previous schemes like ARE-1/Form H. The concern is that GST at the point of purchase significantly increases capital requirements. One response indicated that procedures for export clearance with or without GST are pending approval by the GST Council, and a new Foreign Trade Policy is awaited. Another response acknowledged the issue, suggesting that exporters must currently pay GST and seek refunds, questioning why this was not addressed earlier given the impact on working capital. (AI Summary)
TaxTMI 
TaxTMI 
