![]() ![]() The duty paid amount will also be refunded by way of direct credit to "Y" Bank account. Īfter completion of Export, the particulars of export will be automatically transferred from Customs Department to "Y" account maintained in GSTN portal. If he is eligible for execution of Letter of Undertaking, he can also do so accordingly. While submitting Shipping Bill and Bill of Lading, "X" has to give his GSTN Register Number and the Invoice reference in the said documents. "Y" can raise an Export Invoice on the foreign buyer "Z" either with ZERO duty after executing Bond with the Jurisdictional Central or State Authorities OR "X" can pay IGST on the export value ( here the tax can be paid either out of credit earned for the purchase made from the manufacturer or pay by cash) and supply the goods for export through the port. "Y" can take credit the CGST and SGST as per "X" Invoice after Under GST, the manufacturer "X" has to raise local GST Invoice with CGST and SGST and supply the goods to "Y". Here both X and Y have to obtain GST Registration. ![]() However, under the provisions of GST / IGST, the concept of merchant exporter is not there.Īssume Merchant Exporter "X" place order with "Y" a manufacturer to procure goods for onward export to foreign customer "Z" and both X and Y are situated in the same state. Under the existing Central Excise provisions, Merchant Exporter can execute a Bond and obtain CT-1 certificate to procure goods from local manufacturers for the purpose of export.
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