AAR: No IGST on ‘out and out transactions’ transpiring beyond India’s Customs frontiers from Feb. 01, 2019

Gujarat AAR holds that Applicant is not liable to pay IGST on ‘out and out transactions’ taking place beyond Customs frontiers of India on transactions effected from February 01, 2019 onwards as said activity undertaken by is covered under Entry No.7 in Schedule 3 of CGST Act, 2017 as amended; Notes that Applicant manufactures and trades goods like pumps designed for dairy machine etc. and the present application is in respect of trading by the applicant in foreign countr...