How will exports be treated under GST ?

By | August 1, 2017

Question : How will exports be treated under GST ?

Answer: All exports will be deemed as inter-State supplies. Exports of goods and services will be treated
as zero rated supplies. The exporter has the option either to export under bond/Letter of Undertaking
without payment of tax and claim refund of ITC or pay IGST by utilizing ITC or in cash at the time of export and
claim refund of IGST paid.

 

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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