We are a software company and only provide offshore services outside India. Being the export of services fully exempt were nil returns. I want to understand the same clause applicable here & do we need to file the GST returns - 3 nos., on a monthly basis. And, also can not claim GST input.
21 June 2017
In my opinion you have to file the return since as per sec 54 of cgst act application has to be made with reference to tax period and amount available in return you can also refer sec 16 of igst act
22 June 2017
In my opinion in your case Sec 13 of IGST Act is applicable and this transaction shall be Subject to GST Act. It will be zero rated supply as it shall be qualify as export of services, if payment is received in foreign exchange in India and you shall be entitled to refund of ITC, if any.
In continuation to the previous question, is it required for the Software Companies to register with Special Economic Zone to avail the advantage of filing nil returns under GST for export of services outside India?
CAclubindia
