TMI BlogGST exemption on services rendered to foreign flag vessel in Indian PortX X X X Extracts X X X X X X X X Extracts X X X X ..... We render inspection services to foreign companies for foreign flag vessel in Indian Port. The Foreign Company is based in Foreign and the Place of supply of the service is on the Vessel (Foreign Entity) in Indian Port. The invoice is raised to the foreign entity and money is received from foreign in USD. IS this exempted from GST (services) and under which clause? Guidance is solicited from a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll. - Reply By KASTURI SETHI - The Reply = Place of Supply is in taxable territory India. Only receipt of foreign exchange will not make eligible for exemption from GST. Service provided in India. Hence taxable. - Reply By Pratap Kulhari - The Reply = Sir, Thank you for your reply. However, in this case place of service is onboard the VESSEL (which is foreign territory). So should this no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t technicallly qualify for exemption.? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = If it is in foreign territory no tax is liable to pay. - Reply By Alkesh Jani - The Reply = Sir, may i take this opportunity to learn from the expert (10) The place of supply of services on board a conveyance, including a vessel, an aircraft, a train or a motor vehicle, shall be the location of the firs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t scheduled point of departure of that conveyance for the journey. means. This is for my knowledge purpose. Thanks in advance - Reply By KASTURI SETHI - The Reply = Inspection service has been supplied in Indian territory and the same is consumed in India. Territory matters a lot. - Reply By Alkesh Jani - The Reply = Sir, I do agree with your point of view, but I only mean to say tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t If proper clarification like first point of departure and services crossed the customs frontier, amount received in foreign exchange, all together can be summed up for putting up the strong case for exemption. Please correct me, if mistaken - Reply By KASTURI SETHI - The Reply = Dear Alkesh, Don't you find the difference between the phrases, Inspection of vessel' and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Services on board (service on vessel) ? - GST exemption on services rendered to foreign flag vessel in Indian Port - Query Started By: - Pratap Kulhari Dated:- 1-2-2018 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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