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TMI BlogImplementation of GST In Customs - Changes in BE/SB DeclarationX X X X Extracts X X X X X X X X Extracts X X X X ..... . 2. The legislations referred above have necessitated changes in Bill of Entry and Shipping Bill declarations. The revised electronic format for both BE/SB has already been published in ICEGATE Website (https://www.icegate.gov.in/msg guideline.html). The salient features of these changes in the format of the declarations are enumerated below for easy reference and compliance. Changes in Bill of Entry: 3. The Changes in Bill of Entry can be broadly listed as follows: a) Levy and Collection of IGST b) Declaration of CETH c) Identification of GST Beneficiary d) Seamless credit flow based on online reconciliation of IGST with GST return. 4. Levy and Collection of IGST: (i) The Taxable Value for calculation of IGST value is laid out as per Section 3(8) of the Customs Tariff Act. The IGST and GST Compensation Cess would be collected as Additional Duty of Customs under section 3(7) and 3(9) of the Customs Tariff Act. (ii) The IGST rates are notified by Central Government through a Notification under Section 5 of IGST Act, 2017. The percentage rate of integrated tax in respect of goods specified are in respective schedules. Similar is the case for GST C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Description (1) GSTIN-Imp. (2) Regn_Type (3) Type of IEC to be declared (4) PAN/State Code Declaration (5) GST Benefit (6) GSTIN Normal G TP,CMP,CAS,ISD,NR,TDS, Individual Yes/Yes Yes GSTIN Govt O GOV Generic IEC of Govt. Yes/Yes Yes GSTIN UN D UN Generic IEC of Diplomats Yes/Yes Yes Aadhaar A Indivi./Generic No/No No Passport P Indivi./Generic No/No No PAN I Indivi./Generic Yes(in.)/No TAN T Indivi./Generic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thstanding that such supply may be an exempt supply. The section further lays down that a registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely:- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or services or both supplied. 10. Under the GST Laws, taxpayers would be filing their outward supply returns on GSTN for all the supplies made by them including exports. For exports, they will be required to quote the Shipping Bill and export invoice details which shall be validated by the Customs EDI system. The confirmation of the export by Customs shall be made once the EGM is filed and closed. Based on this validation only the taxpayer (exporter) shall be granted refund of the IGST paid by him on the exported goods. This validation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t invoice, i.e. For Item A Taxable Value = (900/1000) X 2,00,000 = ₹ 1,80,000 IGST Paid = (900/1000) X 24,000 = ₹ 21,600 For Item B Taxable Value = (1900/2000) X 2,00,000 = ₹ 1,90,000 IGST Paid z (1900/2000) X 24,000 = ₹ 22,800 The taxable value shall be matched with the export invoice particulars declared in the GST return, i.e. the invoice on which IGST was paid. No other invoice like Commercial Invoice etc. should be used for computation of Taxable Value and IGST paid. The refund of IGST shall then be limited to the IGST paid on the goods actually exported, i.e. ₹ 44,400 in the above illustration. 14. Export Invoice Export Invoice number should contain only Alpha Numeric or the special characters of / (forward slash) and - (Hyphen), no other special characters shall be accepted. The export invoice should be issued by the supplier cum exporter in compliance with the GST Invoice Rules. It may also be noted that as per the GST Invoice Rules, in case of export of goods or services, the invoice shall carry an endorsement SUPPLY MEANT FOR EXPORT ON PAYMENT OF INTEGRATED TAX or SUPPLY MEANT FOR EXPORT UNDER BON ..... X X X X Extracts X X X X X X X X Extracts X X X X
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