Bill To a Overseas Company Supply of goods Locally

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....ill To a Overseas Company Supply of goods Locally<br> Query (Issue) Started By: - Prashanth Jadhav Dated:- 20-4-2024 Last Reply Date:- 3-5-2024 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>Greetings to you! I request a clarification from the forum. I got a business opportunity from an overseas customer from Saudi Arabia for supply of laptops. I received the money in my bank account f....

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....rom the Saudi company. The supply of the laptops was at Bangalore to their partners/business associates under a different name. The Bill To be an Overseas Company and supply being within India. I have charged GST on this transaction and have also remitted the amounts while filing GST. Kindly let me know if this transaction can be considered deemed export and I am eligible for a GST refund. Wa....

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....rm regards, Prashanth Jadhav. Reply By Sadanand Bulbule: The Reply: Dear querist In terms of Section 2[5] of the IGST Act, there is no actual export of goods out of India. Hence it is an intra-city supply of goods liable to SGST & CGST. Receipt of money from abroad will not alter the nature of such transaction. Reply By KASTURI SETHI: The Reply: Dear Querist, (i) You need to know what is th....

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....e definition of deemed export. See Section 147 of CGST Act read with Notification No. 48/17-CT, & 49/17-CT both dated 18.10.17. Also read Para No.7.02 of Foreign Trade Policy in this context. (ii) My above reply is in support of the reply posted by. Sh.Sadanand Bulbule, Sir. Reply By Ganeshan Kalyani: The Reply: Export of Goods: Sec. 2(5) of IGST Act, "export of goods" with its grammatical va....

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....riations and cognate expressions, means taking goods out of India to a place outside India; Since, laptops are not taken out of India, it is not an export of goods. Reply By Pradeep Reddy: The Reply: Agree with answers of the experts above Reply By Shilpi Jain: The Reply: Not a deemed export.<br> Discussion Forum - Knowledge Sharing ....