Hello everyone!
This is my first post here, I am a new business owner and my company is into the service of providing branding & interiors to the clients
Recently, I closed in on a project in Nicaragua and based on my knowledge export of services wouldn't need require GST charges to the client - listing down more info below
1. It's a partnership firm registered in India
2. The client stays in Nicaragua
3. The client will be depositing money from a forex account
4. The money will be transferred to an Indian bank account
5. There’s no intermediary involved; I am in direct touch with the client
My questions
1. Please confirm if no GST is required to be charged
2. How do i file this transaction on the GST portal
3. The client has given me an RUC number. Based on a google search i could make out this is related to company identification and taxes in the host country, anyone here has any idea about this? or anything i need to be vary off as to not end up paying out of my project fee.
Thanks in advance!
Siddharth
CAclubindia
