Christine Diaz (132 Points)
17 June 2021Are paypal payments valid for Zero rated GST ? I will be filing for LUT in few days. My client will be paying in usd. But my bank account will be receiving in INR. Paypal credits my bank account in INR ( paypal partner bank will be citibank ).
Thanks sir :)
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 20 June 2021
It should be Ok as per my view.
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 22 June 2021
Yes amount received through Paypal is valid for exports. You can get the FIRC through Citi Bank.
To understand the whole process of Exports & Refunds under GST and to ensure the smooth flow of refunds, click on the link below to watch the video : youtu.be/qU0rLgGJViM
For more details - CA Sachin M Jain .8O975. l5447
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