Chapter XXI (Sections 143-174) of the Central Goods and Services Tax (CGST) Act, 2017 deals with provisions related to miscellaneous provisions. Section 147 of Central Goods and Services Tax Act, 2017 (12 of 2017) provides for Deemed exports under CGST Act 2017.
Recently, we have discussed in detail section 146 (i.e. Common Portal) of CGST Act 2017. Today, we learn the provisions of section 147 of the CGST Act 2017. Complete Details of CGST Section 147 – Deemed exports. You may CLICK HERE to download list of all sections of CGST Act 2017 in PDF format.
Notes on Section 147 of CGST Act 2017
Section 147 of CGST Act 2017 shall come into force on 01.07.2017 vide Notification No. 9/2017 – Central Tax, G.S.R. 658(E), dated 28.06.2017. In this note, you will learn detail of the provisions of section 147 of CGST Act 2017 read with Central GST Rules 2017.
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.