Gst on freelance service (software development)

Software 472 views 1 replies

We are Freelancers providing software development and solutions to our client in US.

Our in annual income is 20 Lac.  The client splits the amount to monthly payment,

sends funds in US $. It automatically converts into Indian Rupee and credits into our bank

accounts every month.  As the income is from Foreign, should we pay GST of 18% on our annual income ?

At present, it seems the income is Rs. 19,99,999 is safe, If it crosses either Client or We should loose the money.

We cannot charge the GST on the client's Invoice. If so, we loose the client. 

What is the solution for this. Is the GST applicable on foreign income ?

Thanks,

Replies (1)
GST is not applicable on Export IT services provided certain conditions are met. They shall have to make sure that the remittance is in Forex and the Letter of Undertaking is duly filed with the GAT department, among other things.


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