GST APPLICABILITY ON OVERSEAS IT SERVICE
This query is : Resolved
19 June 2022
DEAR EXPERTS
KINDLY GUIDE ME :-
THE PERSON RENDEREING IT SERVICEs TO HIS OVERSEAS CUTOMERS.
HE IS RAISING HIS INVOICE IN USD AND GETTING PAYMENT IN HIS ACCOUNT IN TO INR AS PER RBI NORMS
QUERY:-
1 WHETHER HE IS REQUIRE FOR GST REGISTRATION ? WHEN AFTER THRASHOLD EXEMPTION ?
2 IF YES, WHAT ARE RETURNS HE HAS TO FILE ?
THANKS AND REGARDS
KINDLY GUIDE ME :-
THE PERSON RENDEREING IT SERVICEs TO HIS OVERSEAS CUTOMERS.
HE IS RAISING HIS INVOICE IN USD AND GETTING PAYMENT IN HIS ACCOUNT IN TO INR AS PER RBI NORMS
QUERY:-
1 WHETHER HE IS REQUIRE FOR GST REGISTRATION ? WHEN AFTER THRASHOLD EXEMPTION ?
2 IF YES, WHAT ARE RETURNS HE HAS TO FILE ?
THANKS AND REGARDS
19 June 2022
1. Yes compulsorily required, no limit.
2. GSTR-3B & GSTR-1
20 June 2022
No need to take registration if annual turnover below Rs 20 lakhs
20 June 2022
Threshold not applicable for exports.
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20 June 2022
As per my opinion, the persons who are making inter-state supply of taxable services, having an aggregate turnover, to be computed on all India basis, not exceeding Rs.20 lakhs in a financial year are exempted from obtaining registration vide Notification No. 10/2017 – Integrated Tax dated 13th October 2017. So, you have to ensure the below points in order to get exempted from taking GST registration:
The supply of services you make are EXPORT OF SERVICES
You’re are supplying only such IT services as mentioned – You don’t do any other business – for the aggregate turnover of Rs.20 Lakhs
Still, you have doubt, and want to make sure that you're exempted from GST registration, you can go for Advance Ruling.
The supply of services you make are EXPORT OF SERVICES
You’re are supplying only such IT services as mentioned – You don’t do any other business – for the aggregate turnover of Rs.20 Lakhs
Still, you have doubt, and want to make sure that you're exempted from GST registration, you can go for Advance Ruling.
20 June 2022
Threshold limit of Rs. 20 Lakhs (10 Lakh for Special
Category States) is also applicable to service providers who are providing export of services.
The exemption was granted to them vide notf. 10/2017 dated 13.10.2017
Category States) is also applicable to service providers who are providing export of services.
The exemption was granted to them vide notf. 10/2017 dated 13.10.2017
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