GST On Merchant Exports & Deemed Exports | N J Jain & Associates |
Navigating GST compliance can be tricky, especially when distinguishing between merchant export and deemed export. In this video by Nipul Modi, he talks about how each has unique implications on tax rates, refund eligibility, and export procedures.
Merchant export involves goods leaving India, enjoying a concessional GST rate of 0.1%, and potential refunds under the inverted duty structure. On the other hand, deemed exports keep goods within the country, applying the standard GST rate but still allowing for possible refunds.
These nuances are crucial for optimizing your GST strategy and ensuring seamless compliance.
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