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What is the GST applicable on Export

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In Case of Export of Goods,IGST

(Integrated Goods and Service Tax)

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What is Rate of IGST on Good

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IGST is to be charged at  Effective Nil Rate

This is because Exporter has 2 Options

Option 1

Pay IGST at full Rate applicable on Item and Claim Refund after Receiving Money from Abroad

Option 2

Do not pay IGST and Export Goods Under Bond Undertaking

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What type of Invoice to be Issued in Case of Export Sales

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Tax Invoice to Be Issued in this case

It has to compulsorily mention Wording

  • Supply Meant For Export On Payment Of IGST

         or

  • Supply Meant For Export Under Bond Or Letter Of Undertaking Without Payment Of IGST

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What are compulsory Details to be mentioned in case of Export Invoice

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Name and address of the buyer
ii. Delivery address
iii. Destination country
iv. Number and date of application for removal of goods for export

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Export of goods Image.jpg

Export of Goods 2 Image.jpg

 

Summary

Normal and export bond.jpg

  1. GST - Goods and Services Tax, India
  2. GST Return, Challan and Invoice Format
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 7 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
  • Shoeb Ayyub's image
    Dear sir due to mistake in gstr 3b of July itc (igst input) of Rs.163000/- not filled in gstr 3b and tax liability standing so what I do for this mistake because revise option not show in gstr 3b so please suggest me solution
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