01 March 2018
Dear All, I am working in a company where there is a main work of Software Manufacture and Export of services to Outside India. (Intangible Object). We are providing the same services as a export without payment of GST. one section which interpret :- that the export invoice has to mention either “Supply meant for Export on Payment of IGST” or “Supply meant for Export under bond without payment of IGST” meaning thereby that export cannot be done without following any of the two ways of raising an export invoice. in that if we providing the services as a export without Payment of GST we have to Raise a LUT or Bond. or we are Payment of IGST we have to pay the tax but at which rate?. Is there any type of other Benefit which is provided by GST like refund in export. Please Let know
02 March 2018
please read this article...
https://taxmantra.com/payment-of-gst-on-export-of-services-letter-of-undertaking-or-bond/
https://cleartax.in/s/impact-of-gst-on-export-of-goods-and-services
02 March 2018
You can export the services either by way of with payment of IGST or without payment of IGST (under LUT). If IGST paid, you can apply for refund.
CAclubindia
