GST - Guidelines for Exporters

CBEC issued guidelines on GST for Exporters. Brief Summary of the Same :

►Mention GSTIN (UIN by UNO etc) and PAN on Every Document  (PAN authorized by DGFT, If exporter deals in exclusively exempted items or items out of GST Regime). Mandatory for Shipping Bill.

►No Refund of IGST Paid or ITC on Inputs will be processed, if No detail of Invoice (If Commercial & Tax both Invoices issued, then detail of both) & GSTIN on Shipping Bill is mentioned.

►Mention Taxable Value & Tax against each line item in shipping bill.

►Multiple Invoices can be issued against one shipping bill.

►Declare "State of Origin" in shipping Bill.

►If No Tax paid on Export, Furnish Bond on non judicial stamp paper  with BG* or LUT (Subject to Conditions)  in Form GST RFD -11

*Requirement of BG - May be Waived off based on Track Record of Exporter.

►During July-Sep'17, composite rates of  All India Industry Rate (AIR) Available. ►Have to produce certificate from Jurisdictional GST officer to avail composite rate.

►Thanks