Kranis (CEO) (21 Points)
31 January 2022I have a micro-sized IT software company in India (outsourcing center) that has some international clients for e.g. in Europe.
I know for national buy & sell we need to pay the differenceGST. Is GST applicable when I receive international transactions from abroad?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 01 February 2022
For domestic you dont pay differential GST. You claim ITC on purchases and pay GST on sales. Net effect is differential but the liability of GST is on the sale value.
As far as international transactions are concerned and assuming they are in the nature of exports then either you have to supply under LUT without tax or pay GST and claim refund of tax paid.
In case of further confusion engage a professional
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