Export of Services - Procedural Requirements

[Rajendra Prasad]

Dear Sir,

What are the procedural requirements for export of services.

1. Invoice as per Format

2. LUT

3. IE Code

4. Forex to be received to the bank account in convertible foreign exchange.

What else are required for export of it services.

[YAGAY andSUN]

Registration with MSME, GST and after receipt of consideration against export of service filing of online application for SEIS on DGFT website.

AI Summary

Understand GST Export Requirements: Invoice, LUT, IE Code, Foreign Exchange, MSME & GST Registration, SEIS Application. A participant inquired about the procedural requirements for exporting services under the Goods and Services Tax (GST) framework. The listed requirements included an invoice in the specified format, a Letter of Undertaking (LUT), an Importer Exporter Code (IE Code), and receipt of foreign exchange in a convertible currency. In response, it was advised to also register with the Micro, Small and Medium Enterprises (MSME) and GST. Additionally, after receiving payment for the exported services, an online application for the Service Exports from India Scheme (SEIS) should be filed on the Directorate General of Foreign Trade (DGFT) website.