Dear Friends,
We are providing Communication & Coordination services to our parent company's (situated in Japan) clients in India for selling their products. So, we are raising Dr Note for some percentage of annual sales as per agreement. In this case any GST impact?
Also, which reference rate shall we take? Either RBI reference rate or Group Companies Exchange rate?
Please guide me accordingly.
mohanraj_vkj @ yahoo.co.in
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GST for Dr Note to Parent Company
Replies (3)
As per the Definition of Export Services Provided in Section 2(6) Of IGST Act :the supplier of service & the recipient of service are distinct person (As per explanation 1 in section 8) , is not treated as export .
Hence the services being provided by you is not considered as export & Moreover it's exempted as per Notification 15/2018 IGST (R)
So No GST is applicable.
Hence the services being provided by you is not considered as export & Moreover it's exempted as per Notification 15/2018 IGST (R)
So No GST is applicable.
Sorry for above deeply.
It's sure that it's not considered export hence the Notification 15/2018 IGST(r) is not Applicable as the Place of supply is India.(Services being rendered in India)
So It's not Export , but Taxable & CGST/SGST is applicable @ 18%
Thank you so much for your guidance. What about FX currency exchange rate? RBI reference or Group Companies rate?
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