TMI BlogProviding Software Services from India - GST chargabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sirs, My client (Individual) is providing software services sitting in India to foreign concern. He receives payment through online payment service portals in Indian Rupees. (specifically not routed through approved banking channel). Now my questions are: 1. Should he be liable to GST? 2. If yes, can this transaction be considered as 'Export of Service? 3. If yes, can we clai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m 'zero rated' invoice and claim exemption by giving LUT? or alternatively can we pay GST and claim refund? Thanks and regards R.Balakrishnan FCA - Reply By KASTURI SETHI - The Reply = Dear Querist, Query-wise reply is as under:- 1.Yes. 2. Can be considered as export of service subject to the parameters laid down in Section 2(6) of IGST Act, 2017 3. Both options are av ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ailable to you. Pl. note that regarding the receipt of payment in Indian rupees, the words, ' [or in Indian rupees wherever permitted by the Reserve Bank of India] has been inserted in clause (iv) of Section 2(6) of IGST Act on 1.2.2019 by Section 2 of IGST Amendment Act, 2018 (32 of 2018) but the effective date is still to be notified. So you will have to wait for if the payment i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to be received in Indian rupees. When the date will be notified, conditions may be enforced. - Reply By Mahadev R - The Reply = I concur with Kasthuri Sir - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of both the experts. - Providing Software Services from India - GST chargability - Query Started By: - Balakrishnan Ramalingam Dated:- 16-3-2019 Goods and Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices Tax - GST - Got 3 Replies - GST - Discussion 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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