TMI BlogSupply by EOUX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ(EOU) will be Billing the supply of API (Raw Material) to PQR (U.K.) and physically Shipping the supply to ABC(India). XYZ will receive the money in foreign currency from PQR. The formulation o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the said goods viz. capsules will be directly exported to PQR by XYZ. 1) Is XYZ require to charge BCD + GST for such supply since Bill To is U.K. but Ship To is India? 2) For the formulation dir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ectly exported, will there be any export benefit available to XYZ? - Reply By CA Venkata prasad Pasupuleti - The Reply = GST is liable on the supply of API as it does not construe the 'export of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... goods' in the absence of physical movement outside India. For the formulation, it can be treated as export and all benefits like GST refund MEIS scrips can be availed. - Supply by EOU - Q ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uery Started By: - Kaustubh Karandikar Dated:- 31-12-2019 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement India - taxmanagementindia - taxmanagement - taxmanagementindia.com - 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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