It is given to understand the the Deemed Export are exempted Under IGST as per provisions of certain notifications issued in October 2017. Similarly, the IGST @0.1% or CGST/SGST or UTGST @0.05%, respectively, is to be paid by the supplier of Goods to other Registered person for Exports (Erstwhile Merchant Exporters).
My query is whether the ).1% IGST or 0.05% CGST is to be paid on goods supplied by a registered dealer under Deemed exports to other registered person or should be exempted in totality?
Please provide your valuable guidance.
Clarification on GST: Deemed Exports Subject to Normal Tax Rates, Refund Possible Under CGST Rules 2017 A discussion on a forum focused on the Goods and Services Tax (GST) regarding the tax treatment of deemed exports. The initial query sought clarification on whether a reduced IGST or CGST rate applies to goods supplied under deemed exports. A respondent clarified that deemed exports are subject to the normal tax rate, with the possibility of claiming a refund as per CGST Rules, 2017. Additional replies supported this view and provided further details on the evidence required for claiming refunds on deemed exports, referencing specific notifications and rules for guidance. (AI Summary)
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