We are Trading or Merchant Exporter
In Trading export, we have bought goods from other Manufacturing unit or dealer and export the same.
Now, in GST regime we have to buy goods (Taxable) for trading export with payment of IGST from 1 st dealer (as per Circular No. 4/4/2017-GST) and 2nd dealer have to export the same
2nd dealer is raising invoices in Foreign Currency(US Doller) for export
Can I raise export invoice without collecting IGST and send the goods to Port? if I have to collect GST, How it possible in Forex invoice?
IGST on Export Trading: No Charge on Export Invoices if Paid at Purchase, Refund Available; Pay IGST at Purchase. A merchant exporter inquires about the applicability of IGST on trading exports under the GST regime. The process involves purchasing goods from a manufacturer or dealer and exporting them. The exporter questions whether IGST must be collected on export invoices issued in foreign currency and how to manage this if required. Responses indicate that IGST does not need to be charged on export invoices if it was paid at purchase, as a refund is available. It is clarified that IGST should be paid when purchasing goods intended for export, with options to pay using credit or cash. (AI Summary)
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