No IGST on goods to not sold in exhibition outside India and reimported

By | August 2, 2017
(Last Updated On: August 2, 2017)

 

Question : Would GST be payable on goods not intended to be sold, taken out for participation in
overseas exhibitions and trade fairs and brought back into India as these goods are meant for exhibition only?

Answer: GST is not payable in such cases. Exporters will need exhibition participation letter and no foreign
exchange involved letter from the concerned bank for the purpose of exchange control requirements.
At the time of re-import, identity of goods imported with export goods needs to be established to seek
exemption from import duty in accordance with Customs provisions. IGST will be exempted at the
time of re-import in view of exemptions granted under Customs.

Related GST FAQ

GST on Handicraft Sector : FAQ

150 GST FAQ’s Replied by Govt of India

GST Tweet -100 FAQs replied by Govt ; Compilation

GST Rates FAQs on queries of Various Sectors Clarified by Govt

GST FAQs on queries of Various Sectors : Issued by Govt

GST FAQs for Traders

GST Handbook – Free Download

GST on Mining Sector : FAQ

GST on Drugs and Pharmaceuticals : FAQ

GST on E Commerce : FAQ

GST on Food Processing Industry : FAQ

GST on Textile : FAQ’s

GST on Export : FAQ’s

GST on MSME : FAQ’s

FAQs on Composition Levy under GST ( India )

Drawback after GST regime

GSTIN / PAN and Invoice information in Shipping Bill

Bond or LUT along with Shipping Bill

Related Topic on GST

TopicClick Link
GST Acts Central GST Act and States GST Acts
GST RulesGST Rules
 GST FormsGST Forms
GST RatesGST Rates
GST NotificationsGST Act Notifications
GST CircularsGST Circulars
 GST JudgmentsGST Judgments
GST Press ReleaseGST Press Release
GST BooksBest Books on GST in India
GST CommentaryTopic wise Commentary on GST Act of India
GST You Tube ChannelTaxHeal You Tube Channel
GST Online CourseJoin GST online Course
GST HistoryGST History and Background Material
Category: GST

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

Leave a Reply

Your email address will not be published.