TaxTMI 
TaxTMI 
TaxTMI 
IGST on direct export of goods
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....GST on direct export of goods<br> Query (Issue) Started By: - MohanLal tiwari Dated:- 11-7-2017 Last Reply Date:- 6-2-2018 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Dear All, We are manufacturing and supplying our products to Indian customers including Railways & defence and to foreign buyers. kindly clarify for the following issues: 1. Whether we can export the goods on payment of....
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.... applicable IGST and get refund. 2. The ITC taken on inputs for manufacturing of goods for exports can be used for payment / adjustment of GST payable on other goods / service supplies. 3. Some of our products are falling under 8607 GST @ 5% but all the inputs for the same are procured @18%. Accordingly the ITC will get accumulated. Please advise what are the options to utilize the accumulated I....
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....TC. Reply By Kishan Barai: The Reply: You can import the goods and pay IGST (import duty) from your excess CGST & SGST proportion Reply By MohanLal tiwari: The Reply: Mr Barai, Please go through the query again, it is for export of goods not import. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Under IGST Act export is considered as zero rated supply. Therefore you can get the refund of IGST ....
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....paid by you. The ITC taken on inputs may be CGST/SGST. This cannot be adjusted against integrated tax. ITC accumulation cannot be adjusted against future payment. Refund can be obtained from the Department on the month itself. Reply By Kishan Barai: The Reply: Great Reply by Sir, You can get ITC only if you have purchase bill for raw materials in IGST, if your Supplier is local then also you ....
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....need to avail bill with IGST "Supply ment for Exports" & you will get 90% refund in 6 to 10 days after filing of Shipping Bill for exports where LEO number is generated & 10% after proper scrutiny. Exports under GST are Zero Rated. Reply By MohanLal tiwari: The Reply: Dear Panelists,' We have exported goods on payment of IGST during July to Nov'17 and furnished required detai....
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....ls of shipping bill etc on GST portal while submitting GTR-1. Though it is declared repeatedly for refund but till date we have not received a single refund. Kindly advise how to expedite the the refunds of IGST paid on Export of goods.<br> Discussion Forum - Knowledge Sharing ....