the Indian company ( service provider) raise the USD invoice and
same paid in USD is it correct?
2 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14868 Points)
Replied 11 November 2022
If it is export of service as per section 2(6) of the IGST Act 2017, and permitted by RBI then It's correct.
sujith kumar dasa
(banglore)
(1496 Points)
Replied 12 November 2022
Yes you can raise in USD and get the same in USD. However if the customer is outside India then it becomes export of services. in such case, you have to apply for IEC Code and GST Registration. no GST is payable if Letter of Undertaking is filed. GST Return to be filed on regular basis
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