Bill To a Overseas Company Supply of goods Locally

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..... Greetings to you! I request a clarification from the forum. I got a business opportunity from an overseas customer from Saudi Arabia for supply of laptops. I received the money in my bank account from the Saudi company. The supply of the laptops was at Bangalore to their partners/business associates under a different name. The Bill To be an Overseas Company and supply being within India. I have ch .....

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..... arged GST on this transaction and have also remitted the amounts while filing GST. Kindly let me know if this transaction can be considered deemed export and I am eligible for a GST refund. Warm regards, Prashanth Jadhav. - Reply By Sadanand Bulbule - The Reply = Dear querist In terms of Section 2[5] of the IGST Act , there is no actual export of goods out of India. Hence it is an intra-city suppl .....

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..... y of goods liable to SGST CGST. Receipt of money from abroad will not alter the nature of such transaction. - Reply By KASTURI SETHI - The Reply = Dear Querist, (i) You need to know what is the definition of deemed export. See Section 147 of CGST Act read with Notification No. 48/17-CT , 49/17-CT both dated 18.10.17 . Also read Para No.7.02 of Foreign Trade Policy in this context. (ii) My above re .....

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..... ply is in support of the reply posted by. Sh.Sadanand Bulbule, Sir. - Reply By Ganeshan Kalyani - The Reply = Export of Goods: Sec. 2(5) of IGST Act , export of goods with its grammatical variations and cognate expressions, means taking goods out of India to a place outside India; Since, laptops are not taken out of India, it is not an export of goods. - Reply By Pradeep Reddy - The Reply = Agree .....

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..... with answers of the experts above - Reply By Shilpi Jain - The Reply = Not a deemed export. - Bill To a Overseas Company Supply of goods Locally - Query Started By: - Prashanth Jadhav Dated:- 20-4-2024 Last Replied Date:- 3-5-2024 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanage .....

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..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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