Master in Accounts & high court Advocate
9610 Points
Joined December 2011
The assessee's scenario involves facilitating sales and purchases of goods outside India, without removing goods from India, and receiving consideration from outside India. This is considered an export of services. GST applicability: - As per IGST Act, Section 3(1), supply of services is considered an export if the recipient is outside India. - As per IGST Act, Section 2(6), "export of services" means the supply of services which are consumed outside India. GST chargeability: - The assessee's service is an export of services, which is zero-rated under GST (IGST Act, Section 16). - No GST is payable on this transaction. However, the assessee may need to obtain a GST registration as an exporter of services and comply with related procedures. - Ensure compliance with GST regulations and procedures