I am some doubts regarding export from India to Other Country, Therefore I request to you please guide and resolve my query. For e.g. ABC (Head Office) in India ABC (Branch Office) in US
ABC (Head Office) from India raised the Invoice to ABC (Branch office) US Rs 10$ Please clarify Which Rate is Applicable under GST Act? - Zero rate (Export) - NIL Rate (Export)
05 May 2021
Dear Sir, Thanks for your quick reply. but we are exporting to Branch and branch sales to Local authority.
Also note that, as per Billing from Head Office (India) receiving the fund accordingly from Branch Office (Other Country) i.e. bill to bill amount please guide n above doubt.
05 May 2021
If it is goods then it is zero rated supply. (Export) If it is service then it it is Exempt Supply subject to Place of Supply Provisions (Not Export)
CAclubindia
