GST doubts in export import

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  • #2625
    Manish Kumar
    Participant

    I’m preparing for upcoming exams for chartered accountancy. I have some doubts regarding GST in context of export and import. Can someone explain the basic concepts related to calculation of GST for imports and exports?

    #2626
    Sumit
    Participant

    Calculation of GST for exports is simple. Since exports are zerorated, the effective GST rate is 0% and you can claim input tax credit or refund on GST paid on goods and services used for export production.

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