- Deemed exports under GST refer to certain domestic supplies (mainly goods) that do not leave India but are treated as exports, such as supplies to SEZs, EOUs, EHTP, and STP units.
- Only goods (not services) qualify, and the supplier must be GST-registered and the transaction must be notified as deemed export.
- GST is payable on these supplies, and the supplier must issue a tax invoice; supplies cannot be made under a bond or LUT.
- Refund of GST paid can be claimed through the GST portal with supporting documents like invoices and declarations.
- Correct classification and compliance are essential to ensure proper ITC treatment and timely refunds.
Source: tallysolutions.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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