0.1% GST Rate for Supply of Goods to Merchant Exporters notified by CBEC

CBEC Notifies 0.1% GST Rate for Supplies of Goods to Merchant Exporters for Exports

CBEC has notified that inter-state/ domestic supply of taxable goods by a registered supplier to a registered recipient/ merchant exporter, for exports, shall attract a nominal GST rate of 0.1%, under CGST/ IGST/ UTGST, in line with recommendations of the 22nd GST Council Meeting held on 6 Oct. 2017, subject to fulfillment of certain conditions, as under:

(i) the registered supplier shall supply the goods to the registered recipient on a tax invoice;

(ii) the registered recipient shall export the said goods within a period of ninety days from the date of issue of a tax invoice by the registered supplier;

(iii) the registered recipient shall indicate the Goods and Services Tax Identification Number of the registered supplier and the tax invoice number issued by the registered supplier in respect of the said goods in the shipping bill or bill of export, as the case may be;

(iv) the registered recipient shall be registered with an Export Promotion Council or a Commodity Board recognised by the Department of Commerce;

(v) the registered recipient shall place an order on registered supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier;

(vi) the registered recipient shall move the said goods from place of registered supplier –

(a) directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; or

(b) directly to a registered warehouse from where the said goods shall be move to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported;

(vii) if the registered recipient intends to aggregate supplies from multiple registered suppliers and then export, the goods from each registered supplier shall move to a registered warehouse and after aggregation, the registered recipient shall move goods to the Port, Inland Container Deport, Airport or Land Customs Station from where they shall be exported;

(viii) in case of situation referred to in condition (vii), the registered recipient shall endorse receipt of goods on the tax invoice and also obtain acknowledgement of receipt of goods in the registered warehouse from the warehouse operator and the endorsed tax invoice and the acknowledgment of the warehouse operator shall be provided to the registered supplier as well as to the jurisdictional tax officer of such supplier; and

(ix) when goods have been exported, the registered recipient shall provide copy of shipping bill or bill of export containing details of Goods and Services Tax Identification Number (GSTIN) and tax invoice of the registered supplier along with proof of export general manifest or export report having been filed to the registered supplier as well as jurisdictional tax officer of such supplier.

The registered supplier shall not be eligible for the above mentioned exemption if the registered recipient fails to export the said goods within a period of ninety days from the date of issue of tax invoice.

0.1% GST Rate for Supplies to Exporters: CBEC Notification 40/2017 Central Tax Rate 23 Oct. 2017

0.1% GST Rate for Supplies to Exporters: CBEC Notification 41/2017 IGST Rate 23 Oct. 2017

0.1% GST Rate for Supplies to Exporters: CBEC Notification 40/2017 UT Tax Rate 23 Oct. 2017

27 Comments

  1. SRINIVASARAO KOTHURI Oct 24, 2017
  2. Bhatia Oct 26, 2017
  3. Arun Prakash Nov 1, 2017
  4. Amjad Ali Nov 5, 2017
  5. Rohit Nov 10, 2017
  6. Shrikant Nov 29, 2017
  7. K Jain Dec 1, 2017
  8. Rohit Dec 1, 2017
  9. ARUN MOORTHY Dec 6, 2017
  10. Suresh Dec 16, 2017
    • Sunil Minocha Jun 15, 2018
  11. Suresh Dec 16, 2017
  12. Suresh Dec 16, 2017
  13. VINAYAK Dec 20, 2017
  14. BHARAT Feb 1, 2018
  15. Akshay Feb 27, 2018
  16. HEMANSHU Feb 28, 2018
  17. Kartikey Kumar Poddar Apr 11, 2018
  18. GS kohli Apr 25, 2018
  19. DHANVEER May 10, 2018
  20. Lokumal Trading May 15, 2018
  21. Vinay Jul 5, 2018
  22. PANKAJ RATHI Jul 12, 2018
    • VINAY JAINDANI Jul 13, 2018
  23. SK Shah Jul 24, 2018
  24. Harish Jul 28, 2018
  25. VINAY JAINDANI Jul 28, 2018

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