You are required to be registered under GST.
In GST, export of services is treated as inter state supply and any person doing inter state supply is required to be registered.
Do we need to register GST
Hello we are doing business of Export or IT services and we were exempted in service tax now we its GST do we need to register in GST if we are doing export of services and all funds comes in foreign currency. i consulted with CA who told me earlier need to register in GST now saying no need to register in GST as services will be provided out of India and funds in foreign currency so no need to register in GST even another accountant suggested same no need to get register according to business. but i am confused about this. so please explain me about this . do we need to register or not if yes then how we deal with this and how may returns we need to file..? do we need to pay GST if register as i need to pay vendors who are not register in GST..
Asked 6 years ago in GST
Hi,
Under GST, export is treated as inter state supply and every person doing interstate is required to take GST registration.
Hence you have to take GST registration.
Export is zero rated. You have two option, you can either export under bond (without paying GST) or you can export with GST and then claim refund of GST
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.com
Hii
export of services or goods are zero rated supply under GST Regime
In GST you have to register and either file Bond/LUT and no need to pay GST or pay GST at the time of export and claim refund while filling return
We are doing business of export of services and i come to know that i need to register in GST and submit letter of undertaking to get exemption from GST, 1)as i get services from vendor's and those transaction will be paid without GST no matter they are register with GST or not right..? 2) how many returns i need to file annually basis for export of services..? 3) if i need to hire CA for register in GST and submit letter of undertaking and then filling returns annually basis then what fee i should pay in total and please specify with description..?if fee will be impressive then i'll hire for 2 firm so please send good quote with contact details . also please share more knowledge base concept and details regarding GST which i need to take care . Thanks
Asked 6 years ago
1. If your vendors are registered under GST, they will charge GST. If they are unregistered, then you will have to pay GST under reverse charge. In both the cases, you can claim input tax credit of the same.
2. You will have to file 3 returns monthly and one annual return.
3. To give you quote, we would like to understand your number of transaction and accuracy of accounting.
Please feel free to reach out to me at lakshita.bhandari@gmail.com
Hello,
1. You need to file 12 monthly returns and 1 annual return.
2. 12 monthly returns throughout the year.
3. It will be always preferable to hire someone from your own city rather than hire someone elsewhere as It will be very difficult for the professional to attend your office at the time of department visit/ audit/ verification etc.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
Hi,
Your query is debatable and clarity is still required from the government.
Regarding the letter of undertaking and return filing, it is advisable for you to appoint someone local, since it involves continuous follow up with the department.
Regards,
Keerthiga Padmanabhan
M.Com, CA, LL.B
Hi,
Our fee will depend upon number of transaction. However, if you can give us the day in a specified format in excel, the fee will be flat 3000.
Please feel free to call/ revert in case you need more clarity.
Thanks and regards
Abhishek Dugar
CA CS B.Com
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