Dear Experts,
Foreign company engaged Indian company to coordinate and manage various aspects of its international summits and awards. the scope includes, activities such as content development, Secretariat, handling administration, finance, communications, and media engagement , confirming speakers, managing sponsorship, registrations, logistics and also coordinates all working groups and key programme.
Indian company collects registration fess from participates of event(generally being foreign person) and pay back to foreign company.
Indian company issued Invoices to participates of event .
Will this be qualified as export in GST?
Whether event management for foreign principal, collecting participant fees, qualifies as export of services under IGST Section 2(6) An Indian company provided end-to-end event management services to a foreign principal for international summits and collected participant registration fees, then remitted amounts to the foreign principal; the forum asks whether this qualifies as export of services under GST. Under Indian GST, export of services typically requires the supplier to be in India, recipient outside India, place of supply outside India, payment in convertible foreign exchange (or prescribed conditions), and absence of a permanent establishment in India for the recipient; if the contract and flows show the foreign principal as the service recipient and place of supply is outside India, the services are likely zero-rated, but invoicing mechanics and who is the actual supplier for registration fees must be examined. (AI Summary)