Export of services in IGST

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chetan somani

chetan somani (Querist)
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16 June 2017 whether export of services in INR currency to Nepal be treated as export of services as per the GST act

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 June 2017 Yes it will be treated as export of services.

chetan somani

chetan somani (Querist)
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18 June 2017 but it states that it shall be on foreign convertible currency. would request if the specific section is referred

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 June 2017 CBE&C has issued a Circular bearing number 961/04/2012-CX dated 26th March 2012, wherein in the 3rd para, it has been clarified that export to Nepal will continue to be permissible even when the export proceeds are paid in Indian Rupees as long as payment proceeds are in accordance with applicable RBI guidelines.
Thus, considering the above referred Circular, excise duty benefit will be available to the manufacturer-exporter even if goods are exported against INR.
Wait for issue of similar circular under GST.

chetan somani

chetan somani (Querist)
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20 June 2017 this is referred in case of goods. what if services are provided from India to Nepal and the payment is in INR from Nepal.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 June 2017 It will be applicable for services also.

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