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Urgent Help needed... GST on Service Exported

Import / Export 203 views 5 replies
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7 Points Joined September 2017
Hello, I own a small IT company exporting Web Design/Development Services to clients outside India... I receive payments in USD... as inward remittances.1) Do I need to register for GST?2) If Yes, Do i need to Pay IGST?3) If Yes, What GST should i charge?3) If Yes, Can I claim ITC?Can anyone help me out??? Thanks
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On 04 September 2017 at 00:51 Report
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Accountancy
258 Points Joined December 2008

Dear Mr. Amol,

YES, for everything.

The Tax Rate would be 18%.

 

You may also require to get Export Registration.

 

Thanks & Regards

1 Reply
On 04 September 2017 at 00:58
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Accountancy
258 Points Joined December 2008

The IGST amount you r going to show in the bill would not be recovered by the customer, it would be claimed as refund from the Govt.

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On 04 September 2017 at 01:03
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Accountancy
258 Points Joined December 2008

There is also an option of GST RFD - 11 Form without payment of IGST

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On 04 September 2017 at 01:15
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7 Points Joined September 2017
Thank Yogesh for your prompt reply.. Need more clarifications on below point1) Are you sure i will need Export registration too?
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On 04 September 2017 at 02:13
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7 Points Joined September 2017
2) RFD - 11 talks about attaching Bond and Bank Guarantees... Will I need to furnish all this everytime i do export of service? Can you please explain this...
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On 04 September 2017 at 02:15

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