2. EXPORT (INCLUDING DEEMED EXPORT) OF GOODS/ SERVICES
Two options may be made available to the exporter in the proposed GST regime:
a) Obtaining duty paid inputs and claiming refunds of the same at the time of export of the finished goods without payment of duty.
b) Obtaining duty paid inputs, availing input tax credit thereon and exporting finished goods after payment of duty ( after utilizing input tax credit) and thereafter claiming the rebate of the duty paid on exported goods.
Interpretation :- If you export goods without payment of duty then you get refund of input tax credit and if you pay duty on export, then you can avail input tax credit and get rebate of duty paid.
Two options may be made available to the exporter in the proposed GST regime:
a) Obtaining duty paid inputs and claiming refunds of the same at the time of export of the finished goods without payment of duty.
b) Obtaining duty paid inputs, availing input tax credit thereon and exporting finished goods after payment of duty ( after utilizing input tax credit) and thereafter claiming the rebate of the duty paid on exported goods.
Interpretation :- If you export goods without payment of duty then you get refund of input tax credit and if you pay duty on export, then you can avail input tax credit and get rebate of duty paid.
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