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Export Of Services, Goods and Services Tax - GST

Issue Id: - 114175
Dated: 24-9-2018
By:- Paresh Shah
Export Of Services

  • Contents

We are having RPO (Recruitment Services Outsourcing). We get paid in USD. Per month we get 5k-8K USD from client.

Do we have to pay GST in India.? We have Private limited company. Experts ::Please reply asap as we to file the return and do we have to mention any thing on audit report.

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Showing Replies 1 to 3 of 3 Records

1 Dated: 24-9-2018
By:- Nitika Aggarwal

Dear Sir,

Can you please elaborate the kind of services being provided by you. Further, are these services consumed outside India ?

Regards

Nitika Aggarwal

9999804960


2 Dated: 24-9-2018
By:- Yash Jain

Dear Sir/Madam,

You have both the options to Pay the GST and Not to pay GST but it depends entirely on how you want to claim the “Accumulated Refund of Input Tax Credit”. If you have accumulated Input then we pay GST by reversing the Input

Case 1.: You have Accumulated ITC: Do not pay GST and file refund application by following formula as under (Export Services) / (Total Services) X Accumulated ITC.

In this case File GSTR 1 by selecting option as Without payment of Tax

Case 2 : You have Accumulated ITC : Do Pay GST : Pay GST @ Say 18% (Put rate as applicable for your export Service) and reverse the Input. Then submit FIRC Copy / BRC Copy to officer and you will get refund withing 7- 15 days

Now the above entirely depends upon the ITC Which you have. In case you have major export credit in particular period, then go for option 1, as you will get more refund as compared to “Option 2”. Now in case you have equal Export sales and Domestic sales then go for Option 2, it will give more refund as compared to option 1.

Hence It entirely depend upon your matrix.

Note : Apply for LUT In case you do not have input but want to export “Zero rated”.

Comments from other members highly solicited.


3 Dated: 24-9-2018
By:- DR.MARIAPPAN GOVINDARAJAN

Please answer the queries of Nitika.


1

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