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Tax Treatment of Export Service
Pl. provide details of tax treatment of export of service
Replies (2)
Generally tax due @ 18%
With Lut : Not required to Charge IGST on bill .
Without Lut : Need to charge IGST bill.
As per Defination of export Services u/s 2(6) of IGST Act , the payment shall be received in convertible foreign exchange or Indian rupees wherever permitted by RBI & The supplier & Receptient must not be distinct persons.
Without Lut : Need to charge IGST bill.
As per Defination of export Services u/s 2(6) of IGST Act , the payment shall be received in convertible foreign exchange or Indian rupees wherever permitted by RBI & The supplier & Receptient must not be distinct persons.
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