kl Bhavana
(Student CA Final )
(417 Points)
Replied 24 November 2022
Hi Manu,
For qualifying as export of services, few conditions needs to be satisfied like recipient should be outside India, POS outside India, Amount received in convertible foreign exchange, supplier located in India, supplier and receipent are not merely an establishments of distinct person.
If above conditions satisfy then it will qualify as Export of services. If you are doing Exports without payment of GST then you need to take LUT under GST. Also, you need to mention LUT details on the invoice. However you need not mention GST as 0% on the invoice. Also you need to generate IRN for the said invoice if exceeded turnover limit.
Please note that you can avail refund of Unutilised ITC in future against the exports made.
Trust this clarifies. If any more clarifications required, please write mail at Bhavana @ lbkca.in, we will be happy to assist you further.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates