Outward & Inward Supplies on reverse charge

Outward Taxable Supplies (Zero-Rated)
Under this head, it is important to mention the details of taxable value of goods/services exported outside
India or supplied to SEZ (deemed export). If you don’t have any exports, you can mention 0.
1. Deemed Exports- These are those transactions in which goods supplied do not leave country, and
the payment for such supplies is received either in Indian rupees or in free foreign exchange. For
example, supply of goods by a DTA (Domestic Tariff Area) to EOU (Export Oriented Unit) within India
is deemed as an export of goods or service.
2. Export under Bond/LUT- Supply of goods or services, or both, under bond or Letter of
Undertaking, without payment of IGST is also considered as export. Businesses can then claim a
refund of unutilised ITC on purchases of inputs used for supplying the exported goods or services.
3. Export with IGST- Any exporter or United Nations or Embassy or other agencies/bodies which
supplies goods or services, or both, after paying the IGST can claim refund of the IGST paid.
4. Export to SEZ- Since supply of goods or services to SEZ is treated as zero-rated supply, hence no
IGST will be paid.

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