on 06-24-2017 8:44 AM - last edited on 02-03-2024 10:34 PM by postmig_api_4
Hello Guus,
Following queries need to be addressed on Export Sales of Goods and Services under GST Regime:
1. How will the scenarios of With and Without Bond of Exports Sales be catered under GST.
2. Will there be separate document like ARE-1 for Exports with GST.
3. Will the Organization doing Export of Goods require to Declare the Export Bond in SAP like done during Excise Regime.
4. For Export Incentives like MEIS, Duty Drawback Scheme, Export Rebate, what provisions are available in SAP to cater the same under GST.
5. Will Export Rebate and incentives require separate Pricing conditions and if yes what will be the way forward for Exports Pricing.
These queries need to be address as this has become a Very Hot Topic because of GST Go Live Date of 1st July Approaching Fast and we need to catch up on above for the same.
Request for your urgent assistance!!
Warm Regards,
Onkar Khedekar
Dear Omkar,
Would request to share the details of enhancement done for selection of export under rebate option.
This would be very helpful.
Regards,
HP
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Dear Omkar,
Pls note in excise there were multiple transaction code for each declaration like Create Excise invoice, BOND, ARE1 etc. But here under GST the final transaction is your VF01 (Commercial invoice)
* Export sales under Bond - You need calculate GST in invoice and claim for refund all other documentation will remain same (here you need to manage accounting entry of GST, which should not debit customer)
* Export Under LUT - Here in this case no need to calculate any GST, declaration need to maintain in output type for LUT as per GST act.
* Unlike in Excise where we need to declare Export Bond value in different transaction, Do not have any such option Under GST in SAP as on today.
Coordinate with internal GST expert for export related Law under GST.
Changes in pricing may required to Generate following Accounting entry in case of Export under Rebate (Confirm with Finance team before changes in pricing)
Customer A/c Dr.
GST Receivable A/c Dr.
TO Sales Revenue A/C Cr.
TO GST Payable A/C Cr.
Machinder P
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Dear Omkar,
Would request to share the details of enhancement done for selection of export under rebate option.
This would be very helpful.
Thanks in advance.
Regards
Varun C
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Hello All,
Thanks for your comment!
There is no OSS Note mentioning about Export Sales under GST.
We have maintained separate conditions in pricing procedure for Export Incentives and maintained enhancement for export under rebate process.
Regards,
Onkar Khedekar
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Till now export scenario is same as it was. There is not effect of GST for the export process.
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Did you made efforts to go through the OSS notes specific to GST?
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