GST APPLICABILITY ON OVERSEAS IT SERVICE

This query is : Resolved

ADITYA (Querist)
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19 June 2022 DEAR EXPERTS
KINDLY GUIDE ME :-
THE PERSON RENDEREING IT SERVICEs TO HIS OVERSEAS CUTOMERS.
HE IS RAISING HIS INVOICE IN USD AND GETTING PAYMENT IN HIS ACCOUNT IN TO INR AS PER RBI NORMS
QUERY:-
1 WHETHER HE IS REQUIRE FOR GST REGISTRATION ? WHEN AFTER THRASHOLD EXEMPTION ?
2 IF YES, WHAT ARE RETURNS HE HAS TO FILE ?
THANKS AND REGARDS

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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19 June 2022 1. Yes compulsorily required, no limit. 2. GSTR-3B & GSTR-1

CA Altamush Zafar

CA Altamush Zafar (Expert)
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20 June 2022 No need to take registration if annual turnover below Rs 20 lakhs

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 June 2022 Threshold not applicable for exports.

Message likes : 1 times

Udaya Chandran

Udaya Chandran (Expert)
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20 June 2022 As per my opinion, the persons who are making inter-state supply of taxable services, having an aggregate turnover, to be computed on all India basis, not exceeding Rs.20 lakhs in a financial year are exempted from obtaining registration vide Notification No. 10/2017 – Integrated Tax dated 13th October 2017. So, you have to ensure the below points in order to get exempted from taking GST registration:
 The supply of services you make are EXPORT OF SERVICES
 You’re are supplying only such IT services as mentioned – You don’t do any other business – for the aggregate turnover of Rs.20 Lakhs

Still, you have doubt, and want to make sure that you're exempted from GST registration, you can go for Advance Ruling.

CA Puja Sharma

CA Puja Sharma (Expert)
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20 June 2022 Threshold limit of Rs. 20 Lakhs (10 Lakh for Special
Category States) is also applicable to service providers who are providing export of services.

The exemption was granted to them vide notf. 10/2017 dated 13.10.2017

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