Is editing and sending videos to other country is considered as export?
This query is : Resolved
11 January 2023
Hello Experts
One of my friend is compiling and editing videos in India and sending them to US based company, and they pay him. He got GST registration and is filing it as export of service under LUT (0 GST). Is this treatment correct? Also, I read somewhere that IEC is not required for export of such services as they are not availing benefits of Foreign Trade Policy. Please guide
Thanks
One of my friend is compiling and editing videos in India and sending them to US based company, and they pay him. He got GST registration and is filing it as export of service under LUT (0 GST). Is this treatment correct? Also, I read somewhere that IEC is not required for export of such services as they are not availing benefits of Foreign Trade Policy. Please guide
Thanks
12 January 2023
Yes, it's correct provided payment is received in foreign currency.
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