Ques: Supplier , Exporter of Luxury goods to International airport duty free shops all over the world, goods like luxury items, perfume, liquor , etc. Can he claim export related benefits like Refund of GST for Zero rated turnover

Ans: Considering the goods are being exported to other countries, the transaction qualifies as an export under Section 2(5) of the IGST Act, 2017. Accordingly, the supplier is entitled to claim export-related benefits, such as a refund of GST on zero-rated turnover.

Ques: WHETHER THERE IS A TAX LAIBLITY ON CORPORATE GUARANTEE GIVEN TO THE RELATED PARTY
IF YES WHAT WILL BE HSN AND HOW MUCH WILL BE THE TAX RATE.

Ans: It will be taxable as clarified in circular issued by govt @18%

Ques:X, Private Limited Company sells residential flats in the region of Mumbai at Rs. 100/- to the Customer. Ready reckoner value of the said Flats is Rs. 110/-.
Whether GST to be charged on Rs. 110/- or Rs. 100/-

Request you to kindly give your valuable opinion on the same

Ans: In case we are giving discount on face of invoice then GST will be charged on net value