GST Updates

Supply of Goods by Registered Supplier to Registered Recipient at 0.1%

Gist of Conditions to be fulfilled by the Registered Recipient and Registered Supplier for availment of benefit of supply goods at reduced Tax Rate of 0.1%

 

S. No. Particulars Responsibilities of Registered Recipient Responsibilities of Registered Supplier
a) Issue of Tax Invoice Supply the goods to the registered recipient on a tax invoice
b) Time limit for Export of the Goods Registered Recipient shall export the said goods within a period of ninety days from the date of issue of a tax invoice by the registered supplier
c) GSTIN of the Registered Supplier on Shipping Bill or Bill of Export (a)      Indicate GSTIN of the registered supplier and

 

(b)     Indicate tax invoice number issued by the registered supplier in respect of the said goods in the shipping bill or bill of export, as the case may be

a) Registration with EPCH or registered Commodity Board Registered recipient shall be registered with an Export Promotion Council or a Commodity Board recognised by the Department of Commerce
b) Copy of order placed with registered supplier to be forwarded to Jurisdictional Tax Officer of the Registered Supplier Registered recipient shall

(a)      Place an order on registered supplier for procuring goods at concessional rate and

 

(b)     A copy of the same shall also be provided to the jurisdictional tax officer of the registered supplier

c) Movement of the Goods from the place of Registered Supplier (in case goods to be exported are to be received from a single supplier ) Registered recipient shall move the said goods from place of registered supplier –

 

(a)       Directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; or

 

(b)      Directly to a registered warehouse from where the said goods shall be move to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported

d) Movement of the Goods from the place of Registered Supplier (in case goods to be exported are to be received from Multiple suppliers ) (a)      The goods from each registered supplier shall move to a registered warehouse and

 

(b)     after aggregation, the registered recipient shall move goods to the Port, Inland Container Deport, Airport or Land Customs Station from where they shall be exported.

 

(c)      Registered recipient shall endorse receipt of goods on the tax invoice

 

(d)     Registered recipient shall obtain acknowledgement of receipt of goods in the registered warehouse from the warehouse operator and

 

(e)     Endorsed tax invoice and the acknowledgment of the warehouse operator shall be provided to the registered supplier as well as to the jurisdictional tax officer of such supplier.

e) Proof of export and Shipping Bill to be provided to the Registered Supplier and Jurisdictional Tax Officer of the Registered Supplier Once the goods have been exported, registered recipient shall provide following documents to the registered supplier as well as jurisdictional tax officer of such supplier:-

 

(a)     Shipping bill or bill of export containing details of Goods and Services Tax Identification Number (GSTIN) and tax invoice of the registered supplier

 

(b)     Proof of export general manifest or export report.

 

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