Gst for export of services like software development

Software 272 views 1 replies

Hello! I would like to know about GST as everybody is talking about and would like to know a bit about this for my purpose.

We do business for international companies and we have no clients in India. We do software consulting or you can say it's a software development for companies outside India. I have two questions regarding this.

1. Do I need to pay taxes under GST? ( Right now we are exempt from service tax as it's a export of IT services. )

2. Do I need to register for GST and get the registration number? ( Right now we do not have service tax number as well as it is exempted under service tax )

 

 

Replies (1)
Hello Under gst regime the exporter of services has to IGST @ rate of 18% subjected to having LUT letter and Bond. If you don't have bond pay igst and later get refund of it


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