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FOC Supply under GST, Goods and Services Tax - GST |
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FOC Supply under GST |
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Can anyone please elaborate the GST provision in respect of FOC supply under export of goods and services. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Dear Harsh Sir, What is your specific query ?
Sh.Harsh Sain Ji, The query is too short to reply. Pl. elaborate your query before expecting elaborative/ comprehensive solution from the experts.
You have to reverse the ITC proportionately and get the GR Waiver form from your AD (Banker). Further, just take care that your FOC sample does not crosses the threshold limit of ₹ 1.00 crore as defined in RBI Master Directions. A certificate from your foreign counter part will also be required that goods sent on FOC had been destructed during lab test and would not be send back to India. This Certificate will be submitted to your AD (Banker) for closing of GR Waiver form. Page: 1 Old Query - New Comments are closed. |
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