Exemption on supply of gold by nominated agency allows GST relief subject to export and proof requirements. Exemption is granted for the intra State supply of gold by a Nominated Agency under the Export Against Supply scheme to a registered recipient from State GST, subject to compliance with the Foreign Trade Policy and Handbook of Procedures; the recipient must export jewellery made from that gold within a prescribed period and provide shipping bill/bill of export with GSTIN and export invoice to the Nominated Agency within a further prescribed period; absent such proof the Nominated Agency must pay the State Tax on unexported gold with interest.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption on supply of gold by nominated agency allows GST relief subject to export and proof requirements.
Exemption is granted for the intra State supply of gold by a Nominated Agency under the Export Against Supply scheme to a registered recipient from State GST, subject to compliance with the Foreign Trade Policy and Handbook of Procedures; the recipient must export jewellery made from that gold within a prescribed period and provide shipping bill/bill of export with GSTIN and export invoice to the Nominated Agency within a further prescribed period; absent such proof the Nominated Agency must pay the State Tax on unexported gold with interest.
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