- The GST Council recommended removing the restriction that an exporter and recipient of services cannot be distinct persons, broadening “export of services” eligibility and improving refund access for services supplied through foreign branches/offices.
- It proposed clarifying by circular that export payments may be received in foreign exchange or, where permitted, Indian rupees for goods and services exports.
- It recommended deleting the special place-of-supply rule for services where goods are physically made available to the supplier, so the default rule applies and the recipient’s location determines place of supply.
- It proposed deeming supplies of goods delivered to an overseas buyer in an SEZ/FTWZ as supplies to an SEZ/FTWZ, if payment is received in convertible foreign exchange or permitted INR, to secure zero-rating benefits.
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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