TRANSACTION OF MERCHANT EXPORTERS/UTILIZATION OF MEIS SCRIPT

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..... TRANSACTION OF MERCHANT EXPORTERS/UTILIZATION OF MEIS SCRIPT
Query (Issue) Started By: - NITIN DESAI Dated:- 20-6-2017 Last Reply Date:- 20-6-2017 Goods and Services Tax - GST
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GS .....

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Dear sir, we are two star merchant exporters buying goods in india and exporting the same in convertible currency outside india. we are providing ARE and for H for excise and sales tax exemption .....

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..... . Now with the implementation of GST I would like to know as to whether we may procure the material without payment of GST OR we will have to pay GST and subsequently claim refund of ITC. This will re .....

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..... sult into additional cash flow till we get the refund we have MEIS script against export benefit, with the implementation of GST whether we can clear our import material against MEIS script or we wil .....

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..... l have to pay IGST. Reply By MUKUND THAKKAR: The Reply: GST is chargeable in case of you are act as merchant exporter, CT-1, H form procedure will be discontinue after 01.07.2017. your understanding .....

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..... is correct, you have to pay first GST and go for refund. After GST MEIS script will be utilized for the payment of BCD only not for IGST.
Discussion Forum - Knowledge Sharing .....

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