Export of supply of service

Dear Member 

Referring to the the defination of export of service i have two query for the same

“Export of services” means the supply of any service when –

 

i) supplier of service is located in India;

ii) recipient of service is located outside India;

iii) place of supply of service is outside India;

iv) payment for such service is received by supplier of service in convertible foreign exchange; and

v) supplier of service & recipient of service are not merely establishments of a distinct person

Query

IF condition 4 & 5 not satisifed then transcation subject to IGST if the receipt is located outside india and provider is located in india

Regards 

Rahul

Replies (3)
Have to wait for notification whether this will be considered as taxable supply under GST or considered as exempt supply (under service tax this is considered as exempt service). Issues on the reversal of input tax credit.

but  when thn the notofication will be issued, 1sy july is the implementation.condition no 5 would impact  MNC company (  Information technology sector) having Reserch and development center in India. 

any update on the notification or the circular for the same

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