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TMI BlogIGST on direct export of goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, We are manufacturing and supplying our products to Indian customers including Railways defence and to foreign buyers. kindly clarify for the following issues: 1. Whether we can export the goods on payment of applicable IGST and get refund. 2. The ITC taken on inputs for manufacturing of goods for exports can be used for payment / adjustment of GST payable on other goods / serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice supplies. 3. Some of our products are falling under 8607 GST @ 5% but all the inputs for the same are procured @18%. Accordingly the ITC will get accumulated. Please advise what are the options to utilize the accumulated ITC. - Reply By Kishan Barai - The Reply = You can import the goods and pay IGST (import duty) from your excess CGST SGST proportion - Reply By MohanLal tiwari - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = Mr Barai, Please go through the query again, it is for export of goods not import. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Under IGST Act export is considered as zero rated supply. Therefore you can get the refund of IGST paid by you. The ITC taken on inputs may be CGST/SGST. This cannot be adjusted against integrated tax. ITC accumulation cannot be adjusted against futur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e payment. Refund can be obtained from the Department on the month itself. - Reply By Kishan Barai - The Reply = Great Reply by Sir, You can get ITC only if you have purchase bill for raw materials in IGST, if your Supplier is local then also you need to avail bill with IGST Supply ment for Exports you will get 90% refund in 6 to 10 days after filing of Shipping Bill for exports where LEO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... number is generated 10% after proper scrutiny. Exports under GST are Zero Rated. - Reply By MohanLal tiwari - The Reply = Dear Panelists,' We have exported goods on payment of IGST during July to Nov'17 and furnished required details of shipping bill etc on GST portal while submitting GTR-1 . Though it is declared repeatedly for refund but till date we have not received a single r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efund. Kindly advise how to expedite the the refunds of IGST paid on Export of goods. - IGST on direct export of goods - Query Started By: - MohanLal tiwari Dated:- 11-7-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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