Exporting services from India is zero-rated under GST, meaning no tax is paid, and exporters can claim refunds on input tax credits. To be eligible, the service provider must be registered in India, the recipient must be outside India, the place of supply must be outside India, and payment must be received in convertible foreign exchange or permitted INR. Exporters can claim refunds through a Letter of Undertaking or by paying IGST, and must provide proper documentation like invoices and foreign exchange proof.
Source: rmpsco.com
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.
Latest Posts in "India"
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
- Finance Minister Addresses GST Transition Concerns, Outlines Measures for Smooth Implementation
- Rajasthan HC Rules Principal-to-Principal Service Contracts as Export, Not Intermediary, Under GST