GST on international services

Dear Sir,

Hope you are doing well !

It will be considered as a zero-rated supply i.e export of services. GST will not be levied on export of any kind of goods or services.

In case the turnover/income of exporting services, exceeds 20 lakhs, you will be compulsorily required to take registration under GST even if exports are zero-rated under GST.

The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim refund of Input Tax Credit (ITC).

Thanks & Regards,

Payal Chhajed

Hi

It will be classified as export of services provided the payment is received in foreign currency.

If you're registered under GST, apply for LUT and Export without payment of GST.

Hi

It will be classified as export of services provided the payment is received in foreign currency.

The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim refund of Input Tax Credit (ITC).

Hi

if payment is received in foreign currency then it will be export of services and no gst to be charged.

if the payment is received in foreign currency, it will be classified as export of services.

You can apply for LUT and Export without payment of GST.

There are two types of export:

1 export under LTU which is zero rated GST where you don't have to pay GST

2 export where you need to first pay GST and then you can claim refund.

In both cases end result is you don't need to pay any GST.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi,

- Services provided by you to foreign companies are treated as export of services. There are two options available to you, either pay GST on revenue and claim refund or apply for LUT and don't charge GST.

- You need to obtain GST registration and apply for LUT.

I may help you in obtaining GST registration.

Thanks

Your services qualifies for export of services under GST, if you received your payments in foreign currency and have FIRC for each payment.

You should immediately apply for LUT and post that you can provide services without charging GST. However, you need to file GST returns as usual.

Till the time you don't apply for LUT, you have to charge GST also and then claim refund of the GST