TMI BlogExport Of ServicesX X X X Extracts X X X X X X X X Extracts X X X X ..... 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. - Reply By Nitika Aggarwal - The Reply = Dear Sir, Can you please elaborate the kind of services being provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded by you. Further, are these services consumed outside India ? Regards Nitika Aggarwal 9999804960 - Reply By Yash Jain - The Reply = 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... py 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntirely 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. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Please answer the queries of Nitika. - Export Of Services - Query Started By: - Paresh Shah Dated:- 24-9-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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