GST: Traders need to declare only GSTIN for export, import

NEW DELHI: After the implementation of the Goods and Services Tax, traders would have to declare only their GST Identification Number at the time of import or export, the commerce ministry said today.

Currently, all exporters and importers declare their IEC (import-export code).

With the implementation of the GST, it said GSTIN would be used for purposes of credit flow of IGST on import of goods; refund or rebate of IGST related to export.

Registration number under GST is GSTIN. It is a 15-digit alpha numeric number code with PAN prefixed by state code and suffixed by 3 digit details of business verticals of the PAN holder.

"It has been decided that importer/exporter would need to declare only GSTIN at the time of import and export of goods," the ministry said.


It also said that to promote ease of doing business, it has been decided to keep the identity of an entity uniform across the ministries and departments.

With the implementation of the GST, it said, PAN of an entity will be used for the purpose of IEC.

For the existing IEC holders, necessary changes in the system are being carried out by the commerce ministry so that their PAN become their IEC. Currently, PAN has no one to one correlation with IEC.
IEC is a 10 digit number and is mandatory for undertaking any import, export activities.

GST: Traders need to declare only GSTIN  for Export, Import

How GST impacts on products

GST (Goods & services Tax) --  will be rolled out from 1st July . All goods and services have been put in slabs of 5, 12, 18 and 28 percent.

No tax Goods - No tax will be imposed on items like Jute, fresh meat, fish chicken, eggs, milk, butter milk, curd, natural honey, fresh fruits and vegetables, flour, besan, bread, prasad, salt, bindi. Sindoor, stamps, judicial papers, printed books, newspapers, bangles, handloom, etc. 

Services 
Hotels and lodges with tariff below Rs 1,000, Grandfathering service has been exempted under GST. 

5% on goods-
Items such as fish fillet, Apparel below Rs 1000, packaged food items, footwear below Rs 500, cream, skimmed milk powder, branded paneer, frozen vegetables, coffee, tea, spices, pizza bread, rusk, sabudana, kerosene, coal, medicines, stent, lifeboats will attract tax of 5 %, 

Services :Transport services (Railways, air transport), small restraurants will be under the 5% category because their main input is petroleum, which is outside GST ambit. 

12% on goods- Apparel above Rs 1000, frozen meat products , butter, cheese, ghee, dry fruits in packaged form, animal fat, sausage, fruit juices, Bhutia, namkeen, Ayurvedic medicines, tooth powder, agarbatti, colouring books, picture books, umbrella, sewing machine, cellphones will be under 12 % tax slab. 
Services 
Non-AC hotels, business class air ticket, fertilisers, Work Contracts will fall under 12 per cent GST tax slab 

18% on goods - Most items are under this tax slab which include footwear costing more than Rs 500, Bidi Patta, Biscuits (All catogories), flavoured refined sugar, pasta, cornflakes, pastries and cakes, preserved vegetables, jams, sauces, soups, ice cream, instant food mixes, mineral water, tissues, envelopes, tampons, note books, steel products, printed circuits, camera, speakers and monitors. 
Services 
AC hotels that serve liquor, telecom services, IT services, branded garments and financia .. 

28% on goods  - Bidis, chewing gum, molasses, chocolate not containing cocoa, waffles and wafers coated with choclate, pan masala, aerated water, paint, deodorants, shaving creams, after shave, hair shampoo, dye, sunscreen, wallpaper, ceramic tiles, water heater, dishwasher, weighing machine, washing machine, ATM, vending machines, vacuum cleaner, shavers, hair clippers, automobiles, motorcycles, aircraft for personal use, will attract 28 % tax - the highest under GST system. 
Services 
5-star hotels, race club betting, cinema will attract tax 28 per cent tax slab under GST