Section 147 of CGST Act 2017: Deemed Exports

Section 147 of CGST Act 2017: Deemed Exports

Provisions under Section 147 of the Central Goods and Services Tax (CGST) Act, 2017 relating to “Deemed Exports”, are as under:

Section 147 of CGST Act 2017: Deemed Exports (CHAPTER XXI – MISCELLANEOUS)

The Government may, on the recommendations of the Council, notify certain supplies of goods as deemed exports, where goods supplied do not leave India, and payment for such supplies is received either in Indian rupees or in convertible foreign exchange, if such goods are manufactured in India.

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The Central Goods and Services Tax (CGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Central Goods and Services Tax (CGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the CGST Amendment Act, 2018 itself.

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Central Goods and Services Tax (CGST) Act, 2017 (Chapter-wise/ Section-wise)

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