https://www.taxtmi.com/forum/issue?id=116992 Proof of export-principally Shipping Bill/Bill of Export and Export Declaration plus the supplier's tax invoice-is required from the merchant exporter for supplies to qualify for the concessional IGST rate; absent such proof the supplier loses the concession and may face assessment for normal tax with interest and penalties, with potential FEMA action. Merchant exporters are legally required to provide documents; registered suppliers may charge full tax and let the exporter seek refund if export proof is later furnished. The concessional rate applies to any registered supplier where export conditions are met, and failure to export within the prescribed period obliges the supplier to remit regular tax. en-us Fri, 05 Feb 2021 13:11:23 +0530 Thu, 23 Jan 2025 15:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116992 Proof of export-principally Shipping Bill/Bill of Export and Export Declaration plus the supplier's tax invoice-is required from the merchant exporter for supplies to qualify for the concessional IGST rate; absent such proof the supplier loses the concession and may face assessment for normal tax with interest and penalties, with potential FEMA action. Merchant exporters are legally required to provide documents; registered suppliers may charge full tax and let the exporter seek refund if export proof is later furnished. The concessional rate applies to any registered supplier where export conditions are met, and failure to export within the prescribed period obliges the supplier to remit regular tax. Discussion-Forum GST Fri, 05 Feb 2021 13:11:23 +0530 https://www.taxtmi.com/forum/issue?id=116992