Can someone share the laws regarding GST on export of Software services. I have different versions stating that GST @18% needs to be charged first and then refunded or GST need not be charged on export services If somebody knows the rules, please help more
Every one above 20 lakhs is in GST - whether local or export so only 3 options as suggested bye few people 1. pay iGST at 18% and claim refund or 2. LUT if TO more than 1CR 3. Bond with BG. Any suggestion other than this is wrong interpretation. Regardss more
Thanks everyone for your responses. I am still a little confused regarding the procedure, but let me clear my situation. I am in the business of software development domestic and export and am registered with GST. During service tax regime, i did not charge service tax on export invoices. So if i wish to bill the customer 1000 USD, i would simple generate invoice for 1000 usd without any taxes. Under gst rule, it seems that the option for bond is available only for business with turnover above 1CR. since my turnover is less than 1 Cr, i cannot avail the option so i am left with only 1 option to apply tax and then claim a refund, so if i understand correctly, i will first raise invoice for 1000 USD + 180 USD (IGST) to the customer. Customer shall pay me only 1000 USD and i will deposit 180 USD equivalent in INR out of my pocket and then claim refund of 180 USD. Please help me understand if this is the way exports have to be managed in GST more
If your turnover below 20 lakh not dealing the item not covering under preview of GST.... U need not take to take GST. Regn.but it is your responsibility to prove the tour over is below the taxable limit.. more
Govt consdiering: Recommendations to increase GST on Tobacco and Tobacco products to 35% from 28% Aerated Beverages GST also expected to rise to 35% Govt may consid...
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
By Rohit Garg
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