Question 38:
Query on merchant export - notification no. 40/2017
Would the merchant exporter who is buying goods @ 0.1% GST, issue a tax invoice
under LUT (assuming he has LUT) and show the sale as export in his GSTR-1?
or would the tax invoice issued by supplier (deemed exporter) only be updated in
the shipping bill as goods are sent directly to the port by the supplier and not
by the merchant exporter.
Answer
In your case Merchant Exporter is the actual exporter, hence, LUT formalities
are to be fulfilled by merchant exporter only. Merchant Exporter will have to
mention Tax Invoice of the supplier in the Shipping Bill according to the
Notification No. 40/2017 mentioned in your question .(REPLY dt. 20/02/2018)