CBEC prescribes concessional GST rate of taxes in case of intra-state supply or inter-state supply of taxable goods by a registered supplier to a registered recipient for export
Central Board of Excise and Customs (CBEC), has issued Notification No. 40/2017- Central Tax (Rate), Notification No. 41/2017- Integrated Tax (Rate), Notification No. 40/2017- Union Territory Tax (Rate) dated 23.10.2017 to prescribe the concessional rate of taxes at 0.05% in case of intra- state supply and 0.1 % in case of interstate supply of taxable goods by a registered person to a registered recipient for exports subject to the fulfilment of certain condition-
- Such supply of goods to take place on issue of tax invoice
- The recipient to export the said goods within a period of 90 days from the date of issue of a tax invoice
- The recipient to indicate the GSTIN of the supplier and the tax invoice number issued by the supplier in respect of the said goods in the shipping bill or bill of export as the case may be.
- The recipient should be registered with an Export Promotion Council or a Commodity Board recognized by the Department of Commerce.
- The recipient shall place an order on supplier for procuring goods at concessional rate and a copy of the same shall also be provided to the jurisdictional tax officer of the supplier
- The recipient shall move the said goods from place of supplier directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; or 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.
- When goods have been exported, the 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 supplier along with proof of export general manifest or export report having been filed to the supplier as well as jurisdictional tax officer of such supplier.