{"id":31128,"date":"2015-05-19T07:09:02","date_gmt":"2015-05-19T07:09:02","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=31128"},"modified":"2024-04-03T13:23:05","modified_gmt":"2024-04-03T07:53:05","slug":"gst-in-export-and-import","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/","title":{"rendered":"GST  IN EXPORT AND IMPORT"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-31137\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\" alt=\"GST  IN EXPORT AND IMPORT\" width=\"299\" height=\"168\" \/><\/a><\/p>\n<p><strong>GST on Export:<\/strong><\/p>\n<ul>\n<li>Exports would be tax exempt.<\/li>\n<li>Benefits to be given to SEZ\u2019s which will only be allowed to their processing zones.<\/li>\n<li>No benefit allowed to the sales from an SEZ to Domestic Tariff Area (DTA).<\/li>\n<\/ul>\n<p><strong>GST on Import:<\/strong><\/p>\n<ul>\n<li>Both Central GST &amp; State GST to be levied on import of Goods &amp; Services.<\/li>\n<li>Full set-off is allowed on GST paid on import of Goods &amp; Services.<\/li>\n<li>Tax revenue in State GST will accrue to the State where Goods &amp; Services are consumed.<\/li>\n<\/ul>\n<p><strong>Integrated goods and service tax:<\/strong><\/p>\n<ul>\n<li>Interstate transactions would be taxed as per a new and innovative model of Integrated GST.<\/li>\n<li>Integrated GST would be levied by center.<\/li>\n<li>IGST = Center GST + State GST.<\/li>\n<li>IGST will apply on all inter-state supplies of taxable goods and services.<\/li>\n<li>Person making sale would charge IGST and he can utilize input IGST, Center GST and State GST in order to discharge the output IGST.<\/li>\n<\/ul>\n<p><strong>Fiscal Health of the state:<\/strong><\/p>\n<ul>\n<li>Dual GST will result in better revenue collection for states with higher consumption of goods and services.<\/li>\n<li>The Centre is expected to put in place a mechanism to compensate states for any revenue loss due to GST.<\/li>\n<li>Taxpayer would have to maintain separate details in books of account for utilization or refund of credit.<\/li>\n<li>Each taxpayer would be allotted a PAN-linked taxpayer identification number with a total of 13\/15 digits.<\/li>\n<li>The administration of the Central GST would be with the Center and for the State GST with the States.<\/li>\n<li>Central GST and State GST are to be paid to the accounts of central and States separately.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST on Export: Exports would be tax exempt. Benefits to be given to SEZ\u2019s which will only be allowed to their processing zones. No benefit allowed to the sales from an SEZ to Domestic Tariff Area (DTA). GST on Import: Both Central GST &amp; State GST to be levied on import of Goods &amp; Services&#8230;.<\/p>\n","protected":false},"author":1184,"featured_media":31137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2178,1476,3407,2168],"class_list":["post-31128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-exports","tag-gst","tag-imports","tag-reforms"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GST IN EXPORT AND IMPORT - Vskills Blog<\/title>\n<meta name=\"description\" content=\"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GST IN EXPORT AND IMPORT - Vskills Blog\" \/>\n<meta property=\"og:description\" content=\"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/\" \/>\n<meta property=\"og:site_name\" content=\"Vskills Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/vskills.in\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-19T07:09:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-03T07:53:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"299\" \/>\n\t<meta property=\"og:image:height\" content=\"168\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Padmaa Murugesan\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Padmaa Murugesan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/\",\"name\":\"GST IN EXPORT AND IMPORT - Vskills Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\",\"datePublished\":\"2015-05-19T07:09:02+00:00\",\"dateModified\":\"2024-04-03T07:53:05+00:00\",\"author\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/32efdccb3ce8405e291da0ebf7090da2\"},\"description\":\"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\",\"contentUrl\":\"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg\",\"width\":299,\"height\":168},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.vskills.in\/certification\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GST IN EXPORT AND IMPORT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#website\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/\",\"name\":\"Vskills Blog\",\"description\":\"Vskills - A Initiative in Assessment to Enhance Employability\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/32efdccb3ce8405e291da0ebf7090da2\",\"name\":\"Padmaa Murugesan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/401b1af49f873e49d55c4844f3276a41a6cd9d3b82957af510b2c02341b6a9cd?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/401b1af49f873e49d55c4844f3276a41a6cd9d3b82957af510b2c02341b6a9cd?s=96&d=mm&r=g\",\"caption\":\"Padmaa Murugesan\"},\"description\":\"Creative content writer with research and analysis.\",\"url\":\"https:\/\/www.vskills.in\/certification\/blog\/author\/padmaa-murukhesun\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"GST IN EXPORT AND IMPORT - Vskills Blog","description":"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/","og_locale":"en_US","og_type":"article","og_title":"GST IN EXPORT AND IMPORT - Vskills Blog","og_description":"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!","og_url":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/","og_site_name":"Vskills Blog","article_publisher":"https:\/\/www.facebook.com\/vskills.in","article_published_time":"2015-05-19T07:09:02+00:00","article_modified_time":"2024-04-03T07:53:05+00:00","og_image":[{"width":299,"height":168,"url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg","type":"image\/jpeg"}],"author":"Padmaa Murugesan","twitter_misc":{"Written by":"Padmaa Murugesan","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/","url":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/","name":"GST IN EXPORT AND IMPORT - Vskills Blog","isPartOf":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage"},"image":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage"},"thumbnailUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg","datePublished":"2015-05-19T07:09:02+00:00","dateModified":"2024-04-03T07:53:05+00:00","author":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/32efdccb3ce8405e291da0ebf7090da2"},"description":"GST and its effects on imports and exports. Apply for a Vskills certification in Accounting, Banking and finance now. Hurry up!","breadcrumb":{"@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#primaryimage","url":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg","contentUrl":"https:\/\/www.vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/05\/GST-IN-EXPORT-AND-IMPORT.jpg","width":299,"height":168},{"@type":"BreadcrumbList","@id":"https:\/\/www.vskills.in\/certification\/blog\/gst-in-export-and-import\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.vskills.in\/certification\/blog\/"},{"@type":"ListItem","position":2,"name":"GST IN EXPORT AND IMPORT"}]},{"@type":"WebSite","@id":"https:\/\/www.vskills.in\/certification\/blog\/#website","url":"https:\/\/www.vskills.in\/certification\/blog\/","name":"Vskills Blog","description":"Vskills - A Initiative in Assessment to Enhance Employability","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.vskills.in\/certification\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/32efdccb3ce8405e291da0ebf7090da2","name":"Padmaa Murugesan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.vskills.in\/certification\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/401b1af49f873e49d55c4844f3276a41a6cd9d3b82957af510b2c02341b6a9cd?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/401b1af49f873e49d55c4844f3276a41a6cd9d3b82957af510b2c02341b6a9cd?s=96&d=mm&r=g","caption":"Padmaa Murugesan"},"description":"Creative content writer with research and analysis.","url":"https:\/\/www.vskills.in\/certification\/blog\/author\/padmaa-murukhesun\/"}]}},"_links":{"self":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/31128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/users\/1184"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/comments?post=31128"}],"version-history":[{"count":4,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/31128\/revisions"}],"predecessor-version":[{"id":74998,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/posts\/31128\/revisions\/74998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media\/31137"}],"wp:attachment":[{"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/media?parent=31128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/categories?post=31128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vskills.in\/certification\/blog\/wp-json\/wp\/v2\/tags?post=31128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}