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Clearance to Merchant Exporter

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..... Clearance to Merchant Exporter
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 15-11-2017 Last Reply Date:- 16-11-2017 Goods and Services Tax - GST
Got 2 Replies
GST
Under GST, T .....

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..... he merchant exporter has to mentioned details of suppliers such as Tax invoice number,GSTN No. in their shipping bill. In routine the exporter has pass shipping bill in advance (Before procure materia .....

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..... l from supply) now exporter insists invoice from supplier before removal of material from suppliers premises . (In short the material may be despatched from supplier after two to three days after pre .....

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..... pare the tax invoice) Is it allow under GST Act. and what type of precaution to be taken under this type of transaction. Reply By Ganeshan Kalyani: The Reply: Invoice cannot be issued before the ma .....

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..... terial is supplied. Reply By Ramaswamy S: The Reply: The supplier to raise an invoice either before removal or at the time of removal of goods to the merchant exporter on payment of GST as applicabl .....

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..... e to merchant exporter. The merchant exporter to raise his GST invoice for export either on payment of IGST or under LUT/Bond without payment of IGST and can claim refund in either cases. Regards S .....

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..... .Ramaswamy
Discussion Forum - Knowledge Sharing .....

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