Is this mandatory to get GST registration for export of Accounting services? If yes what is the threshold?
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for exporting accounting services. While exports are generally considered zero-rated supplies and not directly taxed, GST registration might still be mandatory depending on your aggregate turnover. The threshold for registration includes both domestic and export turnover.
The export of goods or services is considered as a zero-rated supply. GST will not be levied on export of any kind of goods or services. A duty drawback was provided under the previous laws for the tax paid on inputs for the export of exempted goods.