IGST rate on inter-State supply of taxable goods by a registered supplier to a registered recipient for export has been reduced to 0.1%

The Central Government vide Notification no. 41/2017-Integrated Tax (Rate) dated October 23, 2017 has reduced the rate of IGST to 0.1% on inter-State supply of taxable goods by a registered supplier to a registered recipient for export.

Conditions for supplying goods at such reduced rate, inter-alia includes, supply must be made through a tax invoice and the recipient must export the said goods within a period of 90 days from the date of issue of tax invoice by the registered supplier.

Similar notification has also been issued in Central Tax (Rate) and Union Territory (Rate).

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/gst/notfctn-41-igst-rate-english.pdf

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