Sapna Arun (Manager Accounts & Finance) (32 Points)
11 May 2021Is this mandatory to get GST registration for export of Accounting services? If yes what is the threshold?
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 11 May 2021
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 11 May 2021
The export of goods or services is considered as a zero-rated supply. GST will not be levied on export of any kind of goods or services. A duty drawback was provided under the previous laws for the tax paid on inputs for the export of exempted goods.
RENU SHARMA
(1388 Points)
Replied 11 May 2021
Sapna Arun
(Manager Accounts & Finance)
(32 Points)
Replied 12 May 2021
Export of all services is not exempt. Its liable to tax at zero rate. But not sure about Accounting Services whether exempt or not.
Sapna Arun
(Manager Accounts & Finance)
(32 Points)
Replied 12 May 2021
Thanks. So the threshold limit is for entire amount whether domestic or export or only export amount?
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 12 May 2021
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(608 Points)
Replied 12 May 2021
For export , its ZERO rate supply, But you need to take considering your aggregate turnover.
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