Question : We are engaged in the manufacture of exempted excisable goods for export. We availed input stage rebate used in the manufacture of exported goods. How would our case be dealt under GST law if our supply remains an exempt supply? Answer: Under IGST law a person engaged in export of goods which is… Read More »
Question 15: M/s XYZ is engaged in export of goods only having exports of approx. Rs. 5 crores and no clearances for home consumption are affected. M/s XYZ was not required to be registered under Central Excise. Whether M/s XYZ would be required to get itself registered under GST? Answer: Yes, because exports have been… Read More »
Question : Whether an EOU can clear goods to another EOU (inter-unit transfer)? And whether an EOU can send goods for carrying out job work on such goods? In such situations, how will be the tax liability be discharged? Answer: Supply of goods from one EOU to another EOU will be treated as any other… Read More »
Question : What procedure will be followed by EOU to import goods without payment of Customs duty in the GST regime? Answer: To avail such import benefits, EOUs will have to follow the procedure under the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017. GST on Export : FAQ’s GST on Textile… Read More »
Question : Whether supplies to or from EOU will be exempted from GST? Answer: No. • Under the GST Law, IGST or CGST plus SGST will be payable by the suppliers who make supplies to the EOU. The EOU will be eligible to take Input Tax Credit of the said GST paid by its suppliers.… Read More »
Question : Whether supplies to or from EOU will be exempted from GST? Answer: No. • Under the GST Law, IGST or CGST plus SGST will be payable by the suppliers who make supplies to the EOU. The EOU will be eligible to take Input Tax Credit of the said GST paid by its suppliers.… Read More »
Question 11: What tax benefits will be available to EOU scheme in GST regime? Answer: The duty free imports under GST regime will be restricted to Basic Customs Duty. Exemption from the additional duties of Customs, if any, under section 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 and exemption from Central Excise… Read More »
Question : Whether the EOU scheme will continue to be in operation in the GST regime and whether EOU is required to take registration under the GST Law? Answer: EOU is like any other supplier under GST and all the provisions of the GST Law will apply. However, the benefit of Basic Customs Duty exemption… Read More »
Question : What is deemed export under GST Law? Whether any supply has been categorized as deemed export by the Government? Answer: Deemed export has been defined under Section 2(39) of CGST Act, 2017 as supplies of goods as may be notified under section 147 of the said Act. Under section 147, the Government may,… Read More »
Question : Will export of goods to Nepal and Bhutan treated as zero rated and thereby qualify for all the benefits available to zero rated supplies under the GST regime? Answer: Export of goods to Nepal or Bhutan fulfils the condition of GST Law regarding taking goods out of India. Hence, export of goods to… Read More »