Deemed Exports in GST :
CGST Act has made provisions of ‘deemed exports’.
It appears that benefits similar to physical exports may be grated to them by issue of notification.
Deemed Exports means such supplies of goods as may be notified under section 147 of CGST Act.
The Government may, on the recommendations of the GST 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 – section 147 of CGST Act.
As per Explanation 2(b) to section 54 of CGST Act, “relevant date” for filing refund in case of supply of goods regarded as deemed exports where a refund of tax paid is available in respect of the goods, is the date on which the return relating to such deemed exports is filed.