Merchant Export

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..... Merchant Export
Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 18-7-2020 Last Reply Date:- 18-7-2020 Goods and Services Tax - GST
Got 2 Replies
GST
Dear Experts, A Manu .....

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..... facturer got an order from EPC Contractor in the same state but End- User in other country. EPC Contractor Placed order with one line item as "Supply and Erection" Means value not separated .....

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..... for both. If manufacturer making invoice with gst @ 0.1% as per merchant export rate, any tax issues will arise for future erection work? Thanks In Advance. Reply By Rajagopalan Ranganathan: The Rep .....

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..... ly: Sir, 0.1% tax is leviable on goods only. In respect of erection service, since the same takes place in non-taxable territory no gst is leviable under GST Act. However, as per your information t .....

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..... he value of the contract includes value of the service provided, that is, erection. Therefore you cannot pay 0.1% tax on the combined value of supply and erection. You have to provide value of supply .....

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..... of goods and service separately. for this purpose you can avail the service of a Charted Accountant or a Cost Accountant. Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Thanks a-lot sir.
Discu .....

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..... ssion Forum - Knowledge Sharing .....

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