GST on Service provided to Foreign Company in India

[Rahul Gawande]

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.

AI Summary

GST on services to an India based recipient is payable; recipient may claim input tax credit, contractual allocation governs recovery.
Where the immediate recipient or beneficiary of IT services is located in India, the supply is treated as made within India and GST is payable by the provider; the Indian recipient can generally claim input tax credit, while recovery of the tax from the foreign principal depends on the contract between the parties.