Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Manipur Government Clarifies GST on Outsourced Services in Export Contracts; Reverse Charge and Input Tax Credit Explained.</h1> The circular issued by the Government of Manipur clarifies the tax treatment of outsourced services in export contracts under GST. When an Indian exporter outsources part of a service contract to a foreign provider, two transactions occur: the export of services from India and the import of services into India. The Indian exporter must pay integrated tax on the imported services via reverse charge and can claim input tax credit. Even if payment for outsourced services is made directly to the foreign provider, it is considered export income if the integrated tax is paid and the Reserve Bank of India allows part of the payment to remain outside India.