Export of Service

234 views
User Avatar

Proprietor
31 Points Posted on 12 September 2020
What are the complaince required to b followed inn order to export services under gst law...
0 Reply Share Follow
On 12 September 2020 at 15:34 Report
Replies (6)
Quick Summary
This discussion clarifies the compliance requirements for exporting services under GST law. Exports are considered zero-rated supplies, allowing businesses to either pay IGST and claim a refund or use a Letter of Undertaking (subject to conditions) to avoid upfront IGST payment. It also confirms that an Import Export Code (IEC) is mandatory for both goods and services exports.

User Avatar

GST Practitioner & Accounts
15146 Points Posted on 12 September 2020

Export  is  zero  rated supply  under  GST  act   , you can export  either  by paying  IGST  and then  claim refund  or  submit  Letter of  Undertaking  ( subject  to  conditions )  without  payment  of   IGST  . 

Reply
On 12 September 2020 at 17:11
User Avatar

Proprietor
31 Points Posted on 12 September 2020
Is there any other formality required post export like we require in export of goods i.e shipping bill filing egm ?? also wheather iec is required??
Reply
On 12 September 2020 at 18:51
User Avatar

GST Practitioner & Accounts
15146 Points Posted on 12 September 2020

Yes ,   Import  Export  code ( IEC)   is  the  most  Important  and  mandatory  for  Export  & Import  . Without  Code  you can not   export  . Details  you check  on Directorate  General  of foreign  Trade web  Site . 

Reply
On 12 September 2020 at 20:36
User Avatar

Chartered Accountant
412 Points Posted on 13 September 2020

IEC is must for import-export in India

Reply
On 13 September 2020 at 02:50
User Avatar

Proprietor
31 Points Posted on 13 September 2020
Even for export of services???
Reply
On 13 September 2020 at 11:32
User Avatar

GST Practitioner & Accounts
15146 Points Posted on 13 September 2020

yes ,  for  both export  of  Goods & services  IEC  is  mandatory . 

Reply
On 13 September 2020 at 14:35

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. LTCG on property sale
  2. Capital gains incidence due to bonus shares
  3. Amendment of Object Clause of Memorandum
  4. How Can I Request a Refund for an Accidental Airte
  5. TDS on salary paid in cash
  6. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  7. Last Date To Fill ITR For Non-Audit Case
  8. Guidance Required on Filing Fresh Registration und
  9. IT Return Refund Status AY 2026-27
  10. Clarification Regarding Income Tax Demand Notice

More recent discussions | Post

Related Topics :

Loading