Overseas invoicing
PRITI (STUDENT) (114 Points)
28 November 2022
if Indian company is providing some service to foreign company, what rule of gst will apply?
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 28 November 2022
If company located outside India, then it's export of service , export is Zero rated supply under GST , so you either pay IGST and claim refund or Submit Letter of Undertaking, subject to conditions for export. ( refer section 2(6) of the IGST Act for defination of export of service)
For Invoicing you refer rule 46 of the CGST rules with latest amendments.
For Invoicing you refer rule 46 of the CGST rules with latest amendments.
kl Bhavana
(Student CA Final )
(417 Points)
Replied 28 November 2022
Hi Priti,
Please refer Section 2(6) and Section 16 of IGST Act, 2017 to understand if it qualifies as Export of services. If it qualifies then please take LUT and issue invoice without GST.
Please write mail at Bhavana @ lbkca.in, in case more clarification required.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
Please refer Section 2(6) and Section 16 of IGST Act, 2017 to understand if it qualifies as Export of services. If it qualifies then please take LUT and issue invoice without GST.
Please write mail at Bhavana @ lbkca.in, in case more clarification required.
Thanks
Bhavana K L
Chartered Accountant
L B K & Associates
Recent Topics
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
Related Threads
CAclubindia
