goods import from out of country only for only testing.
then what would be GST consequences?
Menu
GST on Service Export
Replies (5)
Hi Amit,
If the goods are imported merely for the purpose of testing and are re-exported after repairs/ testing without being put to use for any other purpose, then POS shall be the location of recipient, which in the present case is outside India.
In addition to above, if the proceeds are received in CFE (convertible foreign exchange) and the parties are not merely an establishments of a distinct person, then the same would qualify as 'export of service'.
Otherwise, the same is liable to GST.
Regards
Aravind Penugonda
wow!!! Great information
thanks
one more doubt
last line of second paragraph
if service is qualified as export of service then what would be GST consequences?
if taxable, then ITC is available or not?
thanks
one more doubt
last line of second paragraph
if service is qualified as export of service then what would be GST consequences?
if taxable, then ITC is available or not?
in case export is made under the cover of letter of undertaking then IGST is not required to be paid.. in d absence of LUT IGST can b paid and claimed as refund
thanks a lot sir
yeah agree with the above
Recent Topics :
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
Related Topics :
CAclubindia
