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How will Exports be treated under GST?

Question

How will Exports be treated under GST?

Expert Answer
Answered 25 Nov 2022
1933 views

Exports will be taken into account as zero-rated supplies. No tax will be charged on exports of goods or services; however, an input tax credit will be available and will be refunded to exporters. The exporter will have the choice either to pay tax on the output and claim a GST refund, or export under Bond without paying IGST and claim refund of ITC.

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