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TAXABILITY OF PARTICULAR TRANSACTION

This query is : Resolved 
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(Querist)
06 July 2020 Reftelcon,please note that nature of my business is as below:-
1. I am in regular contact with Shipyards overseas for providing technical consultation
with regard to repairs of the ships in their shipyard.
2. I forward the repair specifications of ShipOwners or receive repair specifications
from the shipard for repairs of a vessel.
3. I study the repair specifications thoroughly and provide technical services to the shipyard on the basis of which shipard submits quotations to the Owners.
4. In case the shipyard is allotted the vessel for repairs for which I have provided technical
services, shipyard pays me for providing such technical services.
5. The payment is received by me as inward remittance through Banking channels.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 July 2020 It will fall under export of service no GST payable on registering under GST and submission of LUT in GST portal.
Income tax applicable on this income.
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