https://www.taxtmi.com/article/detailed?id=9232 Supplies of tools, dies and jigs made in India but retained domestically do not qualify as exports under the statutory definition of export as taking goods out of India; accordingly, such supplies are treated as intra state and not zero rated, producing non refundable GST costs. Mitigation pathways include characterising part of the consideration as exported services, structuring the tooling and exported components as a composite supply so export treatment prevailing for components can extend to tooling, or deploying an intermediary in the contractual chain to convert tax cost into recoverable input tax. Comparative foreign regimes offer tailored zero rating relief for tooling used in exports. en-us Wed, 03 Jun 2020 11:13:57 +0530 Thu, 04 Jun 2020 13:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9232 Supplies of tools, dies and jigs made in India but retained domestically do not qualify as exports under the statutory definition of export as taking goods out of India; accordingly, such supplies are treated as intra state and not zero rated, producing non refundable GST costs. Mitigation pathways include characterising part of the consideration as exported services, structuring the tooling and exported components as a composite supply so export treatment prevailing for components can extend to tooling, or deploying an intermediary in the contractual chain to convert tax cost into recoverable input tax. Comparative foreign regimes offer tailored zero rating relief for tooling used in exports. Articles Goods and Services Tax - GST Wed, 03 Jun 2020 11:13:57 +0530 https://www.taxtmi.com/article/detailed?id=9232