Gst on export of service having common share holder
This query is : Resolved
04 June 2018
Dear Members
Please provide your comment weather the following transaction will be considered as export of service and consequently not chargeable to IGST - :
XYZ Foreign co. having share holder X,Y& Z incorporated a new company XYZ India in India. XYZ India has provide design & engeneering consultancy to XYZ foreign Co. for some of the projects undertaken by XYZ Foreign co. outside India. XYZ india raised a invoice of USD 100000/- to XYZ Foreign co. This amount is received in convertible foreign exchange within 1 month.
Please provide your comment weather the following transaction will be considered as export of service and consequently not chargeable to IGST - :
XYZ Foreign co. having share holder X,Y& Z incorporated a new company XYZ India in India. XYZ India has provide design & engeneering consultancy to XYZ foreign Co. for some of the projects undertaken by XYZ Foreign co. outside India. XYZ india raised a invoice of USD 100000/- to XYZ Foreign co. This amount is received in convertible foreign exchange within 1 month.
Nikhil Kaushik
(Expert)
04 June 2018
how is shareholding relevant for the GST? why confusing yourself unnecessarily. It is a simple export transaction. thats is it.
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