Write short notes on the following: Deemed Export

CS Professional · Advanced Tax Laws and Practice · PYQS · December 2017
Write short notes on the following: Deemed Export

Answer & Explanation:

Deemed Exports: The Government may, on the recommendations of the Council, notify certain supplies of goods as deemed exports, where goods do not leave India, and payment for such supplies is received either in Indian rupees or in convertible foreign exchange, if such goods are manufactured in India.

Topics: GST Act, 2017

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