Export of IT Services - Amount received in INR

[Rajendra Prasad]

Dear Sir,

ABC private Limited did some export of IT services. The US customer has sent the amount in INR to India. There is option in the US bank to remit USD or INR. By mistake customer has selected INR option.

Now Can I treat the service as export of service even if amount is received in INR from abroad.

If it can not be tretaed as export of what is the taxable payable on my out ward supplies.

Please clarify.

[KASTURI SETHI]

See C.B.I. & C. Circular No. 88/07/2019-GST, dated 1-2-2019. (Para No.3.2 refers)

[Rajendra Prasad]

Excellent reference sir. Thank you verymuch.

AI Summary

Export of services: treatment when foreign customer remits payment in INR requires reference to GST circular guidance. Whether cross-border IT services remain an export of service when the foreign customer remits payment in Indian rupees is queried; the respondent referred the taxpayer to C.B.I. & C. Circular No. 88/07/2019-GST (para 3.2) for the applicable GST position and did not state an alternative tax treatment.