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Issue ID : 116825
- 0 -

Tax difference for Supplier of Merchant Exporter

Date 01 Nov 2020
Replies2 Answers
Views 2468 Views
Asked By

Hello Every Senior,
I'm Kapil Gautam, newly start a venture of manufacturing of automotive parts and fabrication of structures ( pipe, angles) in Faridabad, Haryana.

I have an order from an merchant exporter from same state but there is slight problem of tax difference between us.
Exactly, Raw Material purchased by us @18% GST and selling to merchant exporter @0.1% GST with LUT of Export. So how could i manage this difference of tax

Please help me out
> if there any mode to get refund of tax.
> domestic sale is low so couldn't manage the ratio of deduction of tax with in 1-2 years.
> someone suggest me to register a new firm only for export, GST will be refunded only for exporters or merchant exporters, not for domestic+export sale.

kapilgautam1239@gmail.com / 8587871804

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- 0
Replied on Nov 2, 2020
1.

You would be able to get refund under inverted duty structure.

- 0
Replied on Nov 3, 2020
2.

In our view, refund will be available under the provisions of Export or Deemed Export on the basis of NOC from each other i.e. Merchant Exporter/Manufacturer Exporter. Goods must be exported within 90 days from the date of supply to Merchant Export. IGM date will be the basis.

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