Import Export Code for Web Application Service Exporter
This query is : Resolved
10 November 2021
Hi,
1. Does a company who wants to design websites for clients outside India and receive payments in Dollars via wire transfer requires to register for IEC number (Import Export Code.?)
2. When we purchase services like Web Hosting Servers from vendors outside India, we pay GST via RCM method and claim input credit. But there is no way to deduct TDS for foreign vendors as they don't have any tax registration in India. So how do we handle this?
1. Does a company who wants to design websites for clients outside India and receive payments in Dollars via wire transfer requires to register for IEC number (Import Export Code.?)
2. When we purchase services like Web Hosting Servers from vendors outside India, we pay GST via RCM method and claim input credit. But there is no way to deduct TDS for foreign vendors as they don't have any tax registration in India. So how do we handle this?
CA R SEETHARAMAN
(Expert)
10 November 2021
1 For services exports, IEC shall be not be necessary except when the service provider is taking benefits under the Foreign Trade Policy.
2 TDS not applicable on purchase of servers and software from outside India/
2 TDS not applicable on purchase of servers and software from outside India/
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