Tag: Export

ArticleGST Article

100% EOU entitled to refund of unutilized ITC on exports made without payment of tax, where deemed export provisions not followed and its benefits not availed

byCA Bimal Jain

The Hon’ble Gujarat High Court in M/s. Shah Paperplast Industries Ltd. & Anr. , set aside the Appellate Order withdrawing refund granted towards unutilised input tax credit (“ITC”) and held that a 100% Export Oriented Unit (“EOU”) exporting goods without payment of tax is entitled to refund of unutilized ITC under section 54(3) of the Central Goods and Services Act, 2017

GST in Media

GST AAR: Acting as a marketing, recruiting or referral consultant to foreign universities can quality as exports

byAdmin

In a recent ruling, the Telangana Bench of the Authority of Advance Ruling (AAR) clarified that the provision of services of marketing, recruitment, or referrals to foreign universities by the Center for International Admission and Visas (CIAV), the applicant, on a principal-to-principal basis does not constitute an ‘intermediary service’. Further, such services should be considered as exports, which are not subject to GST, provided the payments are received in convertible foreign exchange.