Payment received from Other country for services

This query is : Resolved

RAJG (Querist)
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20 January 2020 I am based in India and preform freelance work. I create online courses which are mainly enrolled\consumed by students abroad. This would be services and no product is involved

I get paid in USD and use paypal/payoneer to have paid amount tranferred to Bank in India in INR in prevailing exchange rate at that point of time.

Is the above earning taxable or is it considered as export and claim exemption?.

Regards.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 January 2020 Yes this will be considered as export of service taxable under income tax but exempt from GST on registering under GST portal and furnishing letter of undertaking in GST portal.