Hi,
I am working as a software freelancer for an Indian company, 'A'. The exports the services that I provide to a foreign entity. Our work contract is done in US dollars. As per the contract, I am supposed to get $20 per hour for the services that I provide.
So, my question is
a. Can I raise an invoice or a bill to this Indian company 'A' in USD and get paid in INR at applicable conversion rates?
b. What precautions do I need to take while filing GST returns ?
Nature of Supply: Domestic B2B service (not an export).
Invoicing: Must be in INR for GST purposes; GST must be charged to the Indian company.
Returns: File as a regular B2B supply; do not report as a zero-rated export.
Client Benefit: The Indian company can claim the GST you charge as Input Tax Credit (ITC).
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
