13 December 2018
A Indian company tie up with one USA company in web series productions. Payment for such service has been received by the supplier of service in convertible foreign exchange.Its a Zero rate supply of services. USA company have a Branch in Mumbai. My queries is whether this transaction is treated as Export or not. And Indian Company will liable to pay tax on Invoice price or total cost of production. Place of supply is in india. Please advice the same. Currently Indian Company not charge any IGST to USA company and file their GSTR1 and GSTR3B.