We render inspection services to foreign companies for foreign flag vessel in Indian Port.
The Foreign Company is based in Foreign and the Place of supply of the service is on the Vessel (Foreign Entity) in Indian Port.
The invoice is raised to the foreign entity and money is received from foreign in USD.
IS this exempted from GST (services) and under which clause?
Guidance is solicited from all.
Debate on GST applicability for inspection services on foreign vessels at Indian ports; does place of supply affect tax status? A discussion on a forum revolves around whether inspection services provided to a foreign flag vessel at an Indian port are exempt from Goods and Services Tax (GST). The service is billed to a foreign company, with payment received in USD. One participant argues that the place of supply is in India, making it taxable. Another suggests that if the service is considered to occur in foreign territory, it might be exempt. The debate includes interpretations of GST laws regarding the place of supply for services rendered on conveyances like vessels. Participants seek clarification on these legal nuances. (AI Summary)
TaxTMI 
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