Ex­ports un­der GST

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As per in­for­ma­tion re­ceived from Fed­er­a­tion of In­dian Ex­port Or­gan­i­sa­tions (FIEO), ex­porters have the op­tion to ei­ther pay the ap­pli­ca­ble IGST for ex­port goods and then claim re­fund or go for zero rated IGST fa­cil­ity for ex­ports. Min­istry of Fi­nance has is­sued­no­ti­fi­ca­tion No. 15/2017 – Cen­tral Tax New Delhi dated 1st July 2017 (copy en­closed) no­ti­fy­ing the Cen­tral Goods and Ser­vices Tax (Third Amend­ment) Rules, 2017. The Rules have pre­scribed the pro­ce­dure for ex­porters avail­ing the op­tion to sup­ply goods or ser­vices for ex­port with­out pay­ment of in­te­grated tax. Such ex­porters shall fur­nish, prior to ex­port, a bond or a Let­ter ofun­der­tak­ing in FORM GST RFD-11 to the ju­ris­dic­tional Com­mis­sioner, bind­ing him­self to pay the tax due along with the in­ter­est spec­i­fied un­der sub-sec­tion (1) of sec­tion 50 within a pe­riod of — (a) fif­teen days af­ter the ex­piry of three months from the date of is­sue of the in­voice for ex­port, if the goods are not ex­ported out of In­dia; or (b) fif­teen days af­ter the ex­piry of one year, or such fur­ther pe­riod as may be al­lowed by the Com­mis­sioner, from the date of is­sue of the in­voice for ex­port, if the pay­ment of such ser­vices is not re­ceived by the ex­porter in con­vert­ible for­eign ex­change.

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