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TMI BlogForeign Inward Remittance Certificate - GST is applicable or notX X X X Extracts X X X X X X X X Extracts X X X X ..... Foreign Inward Remittance Certificate - GST is applicable or not X X X X Extracts X X X X X X X X Extracts X X X X ..... l issue FIRC. While raising Invoice to Foreign customers we cannot add GST in that invoice. Please clarify. regards, Ramakrishna M Reply By KASTURI SETHI: The Reply: GST is applicable. Reply By Kishan Barai: The Reply: A Foreign Inward Remittance Certificate (FIRC) is a document that acts as a testimonial for all inward remittances and payments received in India from abroad. So I would li ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ke to elaborate your query because FIRC would be generated if you export goods out of India & receive currency in India, but it cant come when goods imported in India for that payment has to be made, so where is the question of "While raising Invoice to Foreign customers we cannot add GST " that invoice. For exports, there is no GST Reply By KASTURI SETHI: The Reply: Sh.Kishan Barai Ji ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , In view of elaboration and clarification of query by you, I agree with you. Very well explained. Reply By Rajagopalan Ranganathan: The Reply: Sir, You are facilitating the sale of imported goods in India on commissioner basis. Though the commission is paid by your foreign customer in convertible foreign currency the service is provided by you within the taxable territory, that is India. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... refore you have to pay the gist on the commission earned. The same cannot be passed on to your foreign customer since you are the service provider and you are liable to pay the gst and your foreign customer is in no way concerned with that. Reply By KASTURI SETHI: The Reply: In addition to above, it is further opined that mere receipt of foreign exchange does not qualify for export. Reply By RA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MAKRISHNA M: The Reply: Dear All, Thanks for your opinions. Once again brief this Business Flow for complete clarity and request your suggestions for the same. We are Commission Agents for Italian Machinery suppliers. Once Machinery is Purchased by the Indian Industrialists, we will be getting sales commission from Italian Companies. In the above Business Flow, we are raising Invoices to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Italian companies in Euro and we will be getting Euro payments through Bank. Also we are providing services in India for those Machineries, for which also we be paid by the Italian companies. So Please clarify, is these transactions will attract GST, if yes what the rate of %. Also please confirm whether these will be under RCM Request you to clarify . Thanks & regards, Ramakrishna.M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By MUKUND THAKKAR: The Reply: In the above Business Flow, we are raising Invoices to the Italian companies in Euro and we will be getting Euro payments through Bank. if raising invoices is not pertaining to export, which is meant for regularised your foregien income. As per view of all expert is right and correct. Reply By KASTURI SETHI: The Reply: If we go by the common knowledge, the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... place of enjoyment is in India. No export as per GST law or pre-GST law (Central Excise and Service Tax). Reply By MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagopalan. Reply By jagad eswar: The Reply: Dar Ramakrishna, Did you get required clarifications from this fourm. Are you also filing GSTR1? Is there a need for this? Sividha centeres dont have any answers for you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r problem and I am also in similar business like you.
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