Applicability of GST

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..... Applicability of GST
Query (Issue) Started By: - MURAGAIAH MELANGI Dated:- 1-8-2018 Last Reply Date:- 5-8-2018 Goods and Services Tax - GST
Got 4 Replies
GST
Dear All, i have one more query regarding applicability of GST, we are registered Company in Hyderabad, our corporate office at Spain, every month we are doing BIM Design works / Drafting works, the reports will deliver by an em .....

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..... ail and Server to Spain Office, monthly hourly basis we will Invoice it in Euros to our Corporate Office (Spain), after 2 months they will credit to our Bank, the bankers will converted in to INR, However so far we are filing GST Monthly Returns, these sales we are showing Export Services and no GST payment. Please let me understand why this is not taxable? GST not Charged? What is LUT? Thank .....

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..... s! MURAGAIAH MELANGI 9000181579 Reply By Alkesh Jani: The Reply: Sir, Please refer to Issue ID = 114002, reiterating Para 2 of Schedule-I of CGST Act, 2017, the services rendered by you to your corporate office is "supply" even if made without consideration, however, in your case, it is export of service, and same is treated as "zero-rated" supply under GST, whereby, you can export without pa .....

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..... yment of IGST, under LUT (Letter of Undertaking) or with payment and claim for refund. LUT means, the registered person undertakes that he will pay the tax, if the goods and or services are not exported by him. Our experts may like to correct me if mistaken. Thanks Reply By Ganeshan Kalyani: The Reply: Refer Section 54 of CGST, Act for Refund provision. Reply By DR.MARIAPPAN GOVINDARAJAN: Th .....

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..... e Reply: I endorse the views of experts. Reply By CASusheel Gupta: The Reply: By Spain Office you mean a company incorporated in spain and not a branch of your Hyderabad company. If so, it is export of services. If not so, it is not export of services. Thanks and Regards CA Susheel Gupta 8510081001, 9811004443
Discussion Forum - Knowledge Sharing .....

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