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  • DGFT GST Faq

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    1. Under the GST regime, duty credit scrips such as MEIS and SEIS can only be used for payment of basic customs duty and not GST. 2. Exporters should check the CBEC website for their product's HSN classification code and applicable GST rate. 3. Unlike SEZs, EOUs will have to pay IGST on imports under the GST regime and will not receive ab-initio exemption from IGST. 4. SEZs can import raw materials duty free by exempting both basic customs duty and IGST, whereas 100% EOUs will have to pay IGST but can claim input tax credit or refund after exports.

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    Dgft Gst Faq

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    Dgft Gst Faq

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    1. Under the GST regime, duty credit scrips such as MEIS and SEIS can only be used for payment of basic customs duty and not GST. 2. Exporters should check the CBEC website for their product's HSN classification code and applicable GST rate. 3. Unlike SEZs, EOUs will have to pay IGST on imports under the GST regime and will not receive ab-initio exemption from IGST. 4. SEZs can import raw materials duty free by exempting both basic customs duty and IGST, whereas 100% EOUs will have to pay IGST but can claim input tax credit or refund after exports.

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    11 views1 page

    DGFT GST Faq

    Uploaded by

    srinivas
    1. Under the GST regime, duty credit scrips such as MEIS and SEIS can only be used for payment of basic customs duty and not GST. 2. Exporters should check the CBEC website for their product's HSN classification code and applicable GST rate. 3. Unlike SEZs, EOUs will have to pay IGST on imports under the GST regime and will not receive ab-initio exemption from IGST. 4. SEZs can import raw materials duty free by exempting both basic customs duty and IGST, whereas 100% EOUs will have to pay IGST but can claim input tax credit or refund after exports.

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    DGFT Related GST FAQs-

    S. No. Query Response


    1. Will GST be debited in duty credit No, MEIS and SEIS scrip would be used
    scrips such as Merchandise Exports only for payment of Basic Customs Duty
    from India Scheme (MEIS) and under GST regime.
    Service Exports from India Scheme
    (SEIS)?
    2. What is HSN code (under GST Please visit CBEC site for details on HSN
    scheme) for my product? What is classification and GST rates for your
    the applicable GST rate for my products.
    product?
    3. As an EOU, BCD is exempted Only SEZs have been exempted from
    under customs notification payment of IGST on import. EOUs will have
    52/2003. In GST regime, EOUs to pay IGST on imports.
    should pay IGST on imports?
    4. If we change ourselves to 100% 100% EOU will not get ab-initio exemption
    EOU, do we still have to pay tax on of IGST for imports. In other words EOU
    domestic purchases? will get same treatment as DTA unit under
    GST regime.
    5. The exemptions , benefits which SEZs are allowed to import raw materials
    are available to 100% EOUs , SEZs duty free (Basic Customs Duty and IGST
    in current regime , whether the both exempted). But, 100%EOU will have to
    same will be available under the pay IGST, Input Tax Credit (ITC)/ refund of
    GST regime which can be taken after exports as per ITC/
    Refund Rules.
    6. How to update GST number in It is advised to update IEC in GSTIN. It also
    IEC? advised to check correct PAN in GSTIN and
    IEC. You may contact jurisdictional DGFT
    regional office for updating correct PAN in
    IEC. From 1st July, in all shipping bills
    declaration of GSTIN will be mandatory for
    claiming ITC/refund of GST. Please refer to
    DGFT Trade Notice No.09/2018
    12.06.2017 for changes in IEC with the
    introduction of GST.
    7. Under GST regime, can we get No, only basic customs duty will be
    duty free benefit (all duties exempted on imports made under Advance
    exempted) if we import using Authorisation. IGST will have to be paid on
    Advance authorization? imports. IGST paid on import will be
    refunded on making exports.
    8. We are recently started export firm. You will require only GST registration. In
    Now we are in process to take case your product is not covered under GST,
    VAT/CST. But now as GST is you may require VAT/CST registration as
    come in to action. So we have to well.
    register for both or only one is
    needed and mandatory.

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