Hello,
I am IT Service provider. We provided service to a client of foreign company in India. We have to bill to foreign company who do not have any office in India. How do I bill them? Do I have to add GST, if so at what rate? They will be transferring payment in USD to our bank account. Do I have to pay any Currency Conversion charges to bank? If yes & what rate?
Please help.
Confusion Over GST Applicability on Cross-Border IT Services: Is It an Export or Taxable in India? An IT service provider in India is seeking advice on billing a foreign company without an Indian office for services provided to its client in India. The provider questions whether to include GST and the applicable rate, given the payment will be in USD. One respondent advises that GST is applicable since the service is delivered within India, and the Indian client can claim Input Tax Credit (ITC). Another suggests no GST applies as the transaction is considered an export. The discussion reflects differing interpretations of GST applicability in cross-border service transactions. (AI Summary)
TaxTMI 
TaxTMI 
