Hi All,
I have a query regarding the Export of services.
Recently I have come across a case where the client received an offer to go abroad for a few weeks to conduct management training classes there. The remuneration will be paid in foreign currency. Does this count as an Export of Service? Is GST applicable on such services?
Can you please elaborate?
As per my understanding a LUT is like a bank guarantee by the buyer's bank to the seller's bank for timely payment of the money in case of late/failure on the buyer's part to pay. How is this applicable here? Who should create LUT and file it?
CAclubindia
