9911796707
TMI BlogDeemed Export - Invoicing under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... At present an EOU is allowed to invoice to another EOU in free foreign currency. No ED is charged. However, VAT is leviable if Intra State and CST (reimbursable) if Inter State. Under the GST regime, the invoice is to be uploaded onto the GSTN. IGST is leviable on Inter State supply of goods from one EOU to another and CGST+SGST if the supply is Intra State (from one EOU to another EOU). Query: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Whether an EOU is allowed to invoice to another EOU (Intra State supplies) charging CGST+SGST in free foreign currency. Neither SEZ authorities nor the CE/ Customs have any clarity on the matter. Even RBI says it is a transactional matter and the authorised dealer (banker) needs to reply. May I have the views of the other experts on the matter as these will create havoc on the first day of GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... regime for many EOU (irrespective of the industry). Thank you With Regards S.Ramaswamy - Reply By JAIPRAKASH RUIA - The Reply = Dear Sir, Very good query. I just want to share my comments. Some of the draft rules are issued related to GST but Rules related to EOU or we can say FTP (Foreign Trade Policy) not yet issued. So waiting for the Rules followed by Notifications in this regard is th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e only options and that seems the reason that various experts are supporting the roll out date of 01.09.2017. - Deemed Export - Invoicing under GST - Query Started By: - Ramaswamy S Dated:- 28-4-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
