Section 147 of CGST Act, 2017 Deemed Exports
The below post explains about Deemed Exports under section 147 of CGST Act,2017.
Section 147 of CGST Act, 2017 explains Deemed Exports as below: (The amendments if any will also be updated here soon).
The extract of Section 147 of CGST Act,2017 quoted below:
147 Deemed Exports
147. The Government may, on the recommendations of the Council, notify certain
supplies of goods as deemed exports, where goods supplied 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.
The above information clarifies about Deemed Exports under section 147 of CGST Act,2017.
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