GST APPLICABLE ON PROVIDING SERVICES TO FOREIGN COMPANIES?

This discussion clarifies whether Goods and Services Tax (GST) applies when an Indian private limited company provides IT services, such as software development, to foreign companies. According to Section 16 of the IGST Act, such services are treated as exports. While IGST is applicable, businesses can opt for 'export without payment of IGST' if they have filed a Letter of Undertaking (LUT).