The assessee is an indian basedThe assessee is an indian based private limited company rendering service for developing software to a singapore based company located in singapore. The indian assessee will be developing software here but server used will be of singapore company located in singapore. The payment would be received in SGD (Singapore Dollar) to the indian assessee.
Will this be considered as export of service and no GST would be levied or will GST be levied as developing of software is being done in India. private limited company rendering service for developing software to a singapore based company located in singapore. The indian assessee will be developing software here but server used will be of singapore company located in singapore. The payment would be received in SGD (Singapore Dollar) to the indian assessee.
Will this be considered as export of service and no GST would be levied or will GST be levied as developing of software is being done in India.
Incorporation of the company is essential.
The Income received / earned/ accrued will be on behalf of Indian company incorporated in India.
However income earned or accrued outside India is an income earned in foreign exchange .Hence, deemed to accrue or arise outside India. Gst is not applicable on export earning.
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