Gst on export of service having common share holder
This query is : Resolved
04 June 2018
Dear Members
Please provide your comment weather the following transaction will be considered as export of service and consequently not chargeable to IGST - :
XYZ Foreign co. having share holder X,Y& Z incorporated a new company XYZ India in India. XYZ India has provide design & engeneering consultancy to XYZ foreign Co. for some of the projects undertaken by XYZ Foreign co. outside India. XYZ india raised a invoice of USD 100000/- to XYZ Foreign co. This amount is received in convertible foreign exchange within 1 month.
Please provide your comment weather the following transaction will be considered as export of service and consequently not chargeable to IGST - :
XYZ Foreign co. having share holder X,Y& Z incorporated a new company XYZ India in India. XYZ India has provide design & engeneering consultancy to XYZ foreign Co. for some of the projects undertaken by XYZ Foreign co. outside India. XYZ india raised a invoice of USD 100000/- to XYZ Foreign co. This amount is received in convertible foreign exchange within 1 month.
Nikhil Kaushik
(Expert)
04 June 2018
how is shareholding relevant for the GST? why confusing yourself unnecessarily. It is a simple export transaction. thats is it.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
