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Export of services

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Ajit Jain

4 Points Posted on 06 February 2021

If a person is providing service of data analysis through Upwork where the invoice generates is in foreign currency , however, the person receive payment in INR in his account . Will this be classified as export of service under GST and does he is liable to pay GST. The person has LUT. Also. what will be the value of service provided? Does he need to convert invoice value in INR using RBI reference rate or the amount he is receiving in INR will be consider as value of service?

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Quick Summary

This discussion clarifies the export of services under GST when a data analyst invoices in foreign currency via Upwork but receives payment in INR. It confirms this is indeed an export of services. The value of the service should be determined using the RBI reference rate, not the INR amount received directly. Having a LUT means no GST needs to be paid upfront.