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gst on 100% exports of services
hi, we do service only to a company in USA. in this regard, shall we have to register under GST. If so, how can we bill that company since a foreign company does not come under GST purview. please answer my query.
Replies (8)
export of service is exempt no tax
export of goods and services are covered under zero rates supplies
if our service is a zero rate service, i have few queries. 1. shall we have to register under GST since our service providers like internet, house keeping services are asking for our GST number. 2. And though our services are zero rated, shall we have to file the returns
hi
Export service is Zero rated , but you need to have registration to claim refund
on export you have option to pay out put IGST and take input credit of IGST only and then pay net
however for SG and CGST you need to go for refund application
Anyway registration under GST Must
Thanks
thank u sir, thanks for the clarification. appreciate your efforts in replying my query. you mean to say that, though we don't bill our client in USA, we are liable to pay output tax, right ?
hi
no no, on export you need to raise invoice with IGST or Without IGST
this option is there for you
but surely you need to raise invoice for value of service and also you need to have inward remittance in convertible forex.
if you raise or if you pay IGST on export you can take input credit and apply for refund in full of the IGST paid
This is what i meant as i understand
Thanks
Govind
thank u very much sir. it cleared all my doubts.
We are manufacturers of poly bags ,supplying to sez, eou under letter of undertaking so excise & vat exempted so far. in GST regime, it continues as such or any changes. pls advice
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