GST Network has informed the exporters about the refund filing mechanism and allowed them to furnish details on common GST portal in table 6A of GSTR-1 return form. GSTN has well informed the exporters in a statement that the shipping bills and invoices for GST returns can be attached with GSTR-1 return form claiming the refunds for IGST (Integrated Goods and Services tax) paid during exporting the goods.
The shipping bill details furnished by exporters is an application which shows the refund to the paid taxes on the supplied goods.
Prakash Kumar, CEO at GSTN said that leaving behind the taxpayer or the tax service provider or tax deducted at source (TDS) or tax collector on the source (TCS), every registered taxpayer under GST regime who exports the goods by furnishing IGST tax is required to file details in table -6A of GSTR-1 form electronically on common GST portal.
According to the release by GST Network, the taxpayers are allowed to furnish export-related information for a given tax period in table-6A of GSTR-1 form. The refunds in this interval will be processed through the furnished details in table-6A of GSTR-3B and GSTR-1 forms.
Most of the taxpayers furnished the GSTR-3B form details for August, September, and October months but as the filing dates for August month is not known yet they are not able to furnish the GSTR-1 form. So, this scheme is initiated to relief the exporters and now they can claim the refund application through this procedure.
GSTN informed the exporters that they can save and upload the export-related details furnished in table-6A of GSTR-1 form. This table will be considered separately. When the exporter signs such table electronically, after that it will arrive at customs department itself. The customs department will do a match of this table’s detailing with the tax filing mentioned in GSTR-3B and shipping bill data and then the table will be approved. After that, the refunded amount will be transferred to the exporters in their respective bank accounts or the check will be generated.
We are merchant exporters, we had received material from our supporting manufacturer/ supplier from Ankleshwar, through V-trans (GTA ) we have paid transportation and taken the material, but in GST/Tax/ IGST column V-trans people mentioned that IGST @ 5% payable by the client. So we have to pay IGST@5% at the time of GSTR-3B filing? please clarify? tomorrow is the last date for filing GSTR-3B. and If we/ I have to pay IGST? where should I have to mention in GSTR-3B? In inward supplies (liable to reverse charge) column is any other column. please clarify?
As GTA services are liable to RCM, so you have to pay tax on that service. You have to show it in under “inward supplies (liable to reverse charge)” column under outward supplies table of GSTR-3B.
Thank so much
We are merchant exporters, we had exported bulk drugs 20.09.2017 to outside of India, and we received a quality complaint about the material. so that we are re-importing the material. What is the tax? is their any exemptions for merchant exporters? Invoicing details/Credit Debit Note.
As you are being returned by the importer, Debit note have to be issued and there will be no tax implication.
We are the merchant exporter(purchasing material from manufacturer and export out of India) so we don’t have any stock at any moment/time. we are not filed Tran-1. Is it necessary to file Tran-1? Is there any penality for not filing Tran-1.
Please reply.
TRAN-1 is to be filed by those persons who have ITC in stock lying as on 30/06/2017 and want them to adjust against their future tax liability, as you don’t have any stock so you not need to file TRAN-1.
We are the merchant exporter(purchasing material from manufacturer and export out of India) so we don’t have any stock at any moment/time. we are not filed Tran-1. Is it necessary to file Tran-1? Is there any penality for not filing Tran-1.
Please reply.