The Goods and Services Tax Network (GSTN) has reintroduced the option to file Table 6A of Form GSTR-1 separately. The Table 6A of GSTR-1 needs export details to be reported viz Invoice details, Shipping Bill / Bill of export details and tax details. It may be noted here that under GST (Section 16 of the IGST Act, 2017) , exports are considered to be zero-rated supplies.
The suppliers of zero-rated supplies enjoy certain benefits under the GST law very similar to customs law which are export without payment of tax / refund of ITC or refund of IGST , if export is made by payment of tax.
Earlier at the time of implementation of GST law, when the taxpayers were facing the challenge in filing GSTR-1 and GSTR-3, this option was given to exporters as an enabler to file the export details only and facilitate IGST refund.
It is pertinent to note here that there is no need to furnish the same data again in GSTR-1 as it will get automatically populated in the respective month’s GSTR-1 and in turn in GSTR-3B. Further this table viz table 6A can be filed before the submission of GSTR-1.
For ready reference of our readers the snap of the relevant image of the GST Portal is given below:
Also Read : IGST amendment will create liquidity crunch for exporters
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TW Editorial Team comprises of team of experienced Chartered Accountants and Advocates devoted to spread the knowledge of GST amongst the various stakeholders.
