GST On FOREIGN REMITTANCE CHARGES RECEIVED

[Kaushik Wadher]

Dear Sir

I have a query is GST applicable on the foreign remittance charges received (on recruitement services offered to overseas client in India and what is the % of GST and how to calculate the amount )

Kind Regards

AI Summary

GST Applicability on Foreign Remittance Charges for Recruitment Services: Export of Service or Subject to 18% Tax? A query was raised regarding the applicability of GST on foreign remittance charges received for recruitment services offered to an overseas client in India. One response suggested that since the service provider is in India and the service receiver is outside, and payment is in foreign currency, it qualifies as an export of service, thus GST is not payable if made under LUT. Another response indicated that under Section 13(2) of the IGST Act, 2017, GST at 18% is applicable on such transactions.