Daily Archives: July 19, 2017

Duty Drawback scheme continue under GST

By | July 19, 2017

Question : Will duty Drawback scheme continue under GST regime? If yes, what will be the rates of Drawback? Answer: Yes. Duty Drawback scheme with certain modifications will continue under the GST regime. The changes in the said scheme are as follows: • The Drawback shall be available only of Customs duties on imported inputs… Read More »

Category: GST

Purchase from unregistered persons : Exporter to pay GST on Reverse Charge

By | July 19, 2017

Question : Will an exporter be required to pay GST in case of goods procured from unregistered persons (including unregistered job workers)? Answer: In case of supply by an unregistered person (including unregistered job workers), the registered person i.e., exporter shall be liable to pay GST under reverse charge mechanism. However the exporter can avail… Read More »

Category: GST

Whether an EOU can clear goods in DTA ?

By | July 19, 2017

Question : Whether an EOU can clear goods in DTA? Answer: Yes, an EOU can clear goods in DTA in accordance with the provisions laid in the Foreign Trade Policy. GST on Export : FAQ’s GST on Textile : FAQ’s GST on MSME : FAQ’s Related Topic on GST Topic Click Link GST Acts  Central… Read More »

Category: GST

GST procedurefor merchant exporters

By | July 19, 2017

Question : We are merchant exporters dealing in various products.As per current procedure, we purchase goods from a particular factory against CT1/ARE1 so that no excise is levied on us. After goods are exported, we provide proof of export and Form H (for sales tax exemption) to the concerned factory. How would GST impact us… Read More »

Category: GST