Zero Rated GST ASMT10

[Tapash K]

So, I have foreign e-commerce income in the form of digital products and Payments do come in USD which is then converted by the bank in INR. I have been under the impression that export of OIDAR services are zero rated for GST therefore I have been filing Nil returns all this time and I had no idea about the existence of LUT until recently I got a ASMT-10 notice asking to explain the Nil returns filed since there were some TCS deductions. I'm not sure how to take things from here so any advice is welcome. Thanks

AI Summary

Individual Challenges Nil GST Returns for USD E-commerce, Seeks Clarity on Section 13(12) IGST Act, Export Zero-Rating. An individual engaged in foreign e-commerce, receiving payments in USD for digital products, has been filing Nil GST returns, believing OIDAR services exports are zero-rated. After receiving an ASMT-10 notice due to TCS deductions, they seek advice. Respondents suggest consulting a tax expert, emphasize the importance of determining the place of supply under Section 13(12) of the IGST Act, and highlight that delays in furnishing a Letter of Undertaking (LUT) can be condoned. Circulars clarify that zero-rating benefits should not be denied if exports comply with relevant provisions, even if LUT was filed late.