My clients receive Overesas Remuneration on Export Service or we can say commission from foreign entity. What is the tax treatment under gst for above.
My client arrange a deal between L & T and Foreign Entity. the foreign entity is well known to my client. My client set the deal between this and received the income from foreign entity. Pls let me know the gst treatment for above
Dear Mr SAHIL AGRAWAL
Your client provides service to a foreign entity, i.e these services are considered as an Export of services if they received remuneration in foreign currency and then after taking LUT, no need to pay tax on that or pay GST on that and then claim a refund.
Thanks & Regards
Durgesh Vashisth
durgeshvashisth @ gmail.com
Bharat Shah & Associates
Mumbai
CA Inter
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New Delhi
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Bengaluru
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CCI
Pro
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