GST and Exports, how is taxes reimbursed on Exports?

 

What is Goods and Service Tax (GST)

GST, frequently asked Questions

 

Reimbursement of taxes as per present Export system in India

 

GST and Exports, how is taxes reimbursed on ExportsAs you know, at present in India, there are three methods of reimbursements for taxes paid on inputs used for export of goods or taxes paid on finished products exported.


1. Obtaining non duty paid inputs and exporting final product without payment of duty.


2. Obtaining duty paid inputs and claiming refund of the same at the time of export of the finished goods without payment of duty.


3. Obtaining duty paid inputs, availing the input tax credit thereon and exporting finished goods after payment of duty (after utilizing such input tax credit) and thereafter claiming the rebate of the duty paid on exported goods.

So, the tax paid on inputs used for export of goods are returned back to exporter as per the above mentioned three modes.

 

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Comments


Vinod Mocharla: It's my pleasure writing to you as we go through your website when ever we stuck at some point In exports . We are exporting fresh fruits in small quantities to different countries till now . we got a opportunity to work with one indo - Korean company which based in India . They asking us to procure raw material , process , pack fresh banana . we will be taking care of the produce till port and we will be billing them in Indian rupees , even the port logistics , clearance , freight will be taken care of us . But export will be done on there company . Now my doubt is it possible to get input tax benefit for my company as we are doing all procedures to an export company who is exporting to other country if yes what all the documents we need to submit and what is the procedure

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