GST Tip – 366

As per Notification No. 48/2017-Central Tax  deemed exports concept is introduced in GST and the following are classified as deemed exports

  • Supply of goods by a registered person against Advance Authorisation
  • Supply of capital goods by a registered person against Export Promotion Capital Goods Authorisation
  • Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance Authorisation

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