Impact of GST on the Export of Goods and Services

The Indian government aims to increase the output and quality of exports from India as portrayed by the ‘Make in India’ policy. This is why there are tax benefits provided to exporters. In this video, we decode the impact of GST on the export of goods and services under GST.

The video covers the following:
00:00 Introduction
00:26 What do exports mean under the GST law?
01:38 Does GST apply to exports?
03:05 What are deemed exports under GST?
03:58 Applicability of GST on deemed exports
04:42 Introduction to Clear GST
05:44 Closing

→ Watch next –Which GST Return Should Your Business File | Types of GST Returns | GST Return Due Dates

Let’s connect:
#GST #GSTonexports #GSTapplicability #impactofGST

[sameerkohli]

One question related to B to c sales, amount remittance received in bank ( pound) from UK from purchaser , wants us to deliver goods to his father in delhi to avoid courier cost as he will be travelling to Uk . This transaction can be counted as export under LUT or gst will be charged from customer

[maniravi]

Hello madam i am going to export paper bags to Europe countries now i am applying FOR GST should i select reason for obtain inter-state supplie....kindly reply soon as possible...🙏🙏🙏

[PulkitsoftLLP]

Sir, some confusion about LUT, If the service export is a taxable supply, but zero rate. It means that the service export invoice does not include any tax because it is zero-rated. So which amount needs to pay in the form of IGST without LUT? If not then what is the purpose of taking LUT? If I don't have the LUT then do collect IGST (add Tax) in my service export invoice from international customers?

[karanvishwakarma]

Hi, I think the condition you have described in the presentation for export is wrong in 3. It should be "Place of supply of service is outside India" for qualifying as an export case. subsection 6 of section 2 of the IGST Act 2017

[nv]

I was providing service outside india and collecting payment via Payoneer. But this time it reached 21L. I do not have GST, do I need GST number while filing tax even if my 100% transactions are outside india?

[tamajitbhowmick]

I think by mistake you said 'Import of Services' instead of 'Export of Services'. Section too I think in that case would change to 2(6) instead of 2(11)

[ankurperfect]

I use Upwork/PayPal/inward remittance for getting funds in India for the export of services I offer to overseas clients. I have 90% business as export of services and 10% bill are raised to Indian clients. I add GST to Indian clients and pay GST on office rent, phone bills etc. Can I claim or get credit for 100% of GST or only for 10% of GST as I offer only 10% services in India? Please help

[daydreamer]

Very good knowledge but i some where felt u could have explained little more clearly by point wise showing in the video.