Export Oriented Units and GST
The below information discusses about supply to Export Oriented Units and payable GST
We supply input materials to export oriented units (EOUs). Is GST payable on such supplies to EOU? What is the GST refund mechanism, if I supply to EOUs?
According to GST Law, suppliers to EOU will pay normal GST as they would pay while supplying to a domestic unit. An EOU can take Input Tax Credit (ITC) of the GST paid while taking domestic supplies and same can be used for payment of GST on finished goods cleared in DTA.
GST Council has restricted the exemption from IGST to only specified category of importers, such as units in special economic zones (SEZs) and developers of these zones, the benefit has not been extended to EOUs.So, EOUs will henceforth will be liable to pay IGST on imports and can avail credit of IGST paid, which can be used by them for local supply of goods manufactured by them. Export Oriented Units will also be entitled for a refund of IGST in case of excess accumulation of credit due to export.
The above information clarifies about payment of GST against supply to export oriented units.
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