As the GSTR-9 filing date is approaching near assesses are in dilemma what to do and what not to. Moreover, furnishing every table in GSTR-9 Form is not an easy task as there is no option to revise GSTR-9 as of now. One of such query of assesses how to treat deemed exports in Annual GST Return i.e., GSTR-9. So before starting with the deemed export treatment, you should have a fair knowledge about what is deemed exports under the GST Act.
Deemed exports are those supplies under GST that do not cross the Indian Territory or and the payment for such supplies are made in Indian Rupees or in convertible foreign exchange provided that the supplied goods are manufactured or produced in India. In simple words, deemed exports are that transaction that does not fall under the category of exports but GST Refund is provided on such transaction.
There are some conditions that are applicable under GST:
However, the recipient is ineligible to claim ITC in case if the supplier has taken a refund of the tax paid.
i. GSTR-1 The supply of deemed export goods shall be reported in Table 6C of GSTR-1. ii. GSTR-3B The outward supply of the deemed exports goods has to be furnished in Table 3.1 (b) of GSTR-3B along with other zero-rated supplies. iii. GSTR-9 (Annual GST Return) In Annual GST Return (GSTR-9) the sum total of deemed exports goods value shall be mentioned in Table-4E. To furnish the detail in Table-4E, GSTR-1 Table-6C can be used for filling up.
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