How will Exports be taxed under GST?

Question Detail

Asked by Maxabout Team 138 Rep.

Effect of GST on Exports?

Naman Vashisht answered

    GST is a uniform tax laws which aims at introducing reforms by giving a more stable taxation system to reduce cascading effect on supplies of goods and services. Exports also follow the same trend and are treated as zero rated supplies.

    But the good thing about the GST is that the exporters can claim an input tax credit on their export supplies. Therefore the value of Exports remains the same and it will still be exempt from tax. But it still does not deprive exporters from the previous benefits.

    Maxabout Team edited answer



      Question stats

      • Active
      • Views199 times
      • Answers1 answer
      • Followers0 followers