TaxTMI 
TaxTMI 
Implementation of GST In Customs - Changes in BE/SB Declaration
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....Amendments) Act, 2017 (18 of 2017), bringing out amendments in Customs and Central Excise legislations in alignment with GST implementation. Further reference is invited to various decisions in GST Council meeting, documentation of the same in CBEC Website and also the Public Notice No. 02/17 dated 22.06.17 based on the advisory issued by Member(Customs) vide D.O. letter dated 20,6.17 on Customs related matters on introduction of Goods and Service Tax regime. 2. The legislations referred above have necessitated changes in Bill of Entry and Shipping Bill declarations. The revised electronic format for both BE/SB has already been published in ICEGATE Website (https://www.icegate.gov.in/msg guideline.html). The salient features of these cha....
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.... To effect the above changes, the following new fields have been added in BE Declaration (SBE Table): Description Inputs Levy of IGST Duty Flag as G; Add I. Duty Flag as I Levy of GST Compensation Cess Duty Flag as G; Addi Duty Flag as P Levy & Exemption of IGST ( IGST Notification) Duty Flag as G; Addl Duty Flag as I; Ex.F lag as G Levy & Exemption of GST Cess ( GST Cess Notfn.) Duty Flag as G; Addi Duty Flag as P; Ex.Flag as G Levy & Exemption of IGST (Customs Notification)* Duty Flag as G; Addi Duty Flag as I; Ex.Flag as C Levy & Exemption of GST Cess ( Customs Notfnj* Duty Flag as G; AddI Duty Flag as P; Ex.Flag as C * In this case, Customs Exemption Notification should be referred. 5. D....
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....tion as State Code, GST Type as in Column (2) and GSTIN/Identification Code in their Bill of Entry. It may be noted that benefits of Credit flow can happen only when GSTIN is quoted correctly and is matched with GSTN; Valid or active Provisional ID can be quoted in lieu of GSTIN. However, credit would flow only when the same Provisional ID is used to file returns. 7. Seamless Credit flow based on Online Reconciliation of IGST with GST Return: In the Pre-GST Era, physical copy of Bill of Entry needs to be submitted to avail the input tax credit of Additional Duty of Customs. Similarly, Physical application along with supporting documents needs to be submitted as per laid out procedure for refund of Special Additional Duty of Customs....
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.... zero-rated supplies, notwithstanding that such supply may be an exempt supply. The section further lays down that a registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely:- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied. 10. Under the GST Laws, taxpayers w....
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....e and IGST Paid Since the actual quantity and value of the goods finally exported may sometimes be at variance with that indicated on the export invoice, these particulars have to be individually declared for every item. Here, Taxable Value is the value of the item actually being exported on which IGST has been paid. In case of short shipments due to shut out/back to town, IGST has to be calculated proportionately item wise in the invoice based on the actual quantity of exports. This is further explained by the following illustration: Illustration: An exporter raises an export invoice as below: Item Quantity (Units) Unit Price (Rs) Total Total IGST (Rs) A 1000 200 2,00,000 24,000 B 2000 100....
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....R OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX", as the case may be, and shall also contain the following details: (I) name and address of the recipient; (ii) address of delivery; and (iii) name of the country of destination. Other details to be given in the invoice table of the Shipping Bill shall include Third Party remittance details as per RBI requirements, Terms Place (INCOTERMS), End Use (as per the codes available in Imports)etc., as the case may be. 15. Changes in Drawback Declarations A new declaration is being added for the exporter to certify that no input tax credit of CGST/IGST has been availed for any of the inputs or input services used in the manufacture of the export goods, or that no refund of IGST paid on exp....