https://www.taxtmi.com/circulars?id=60969 When an Indian supplier outsources part of a contract to a foreign supplier, two supplies occur: the Indian supplier's export to the overseas recipient for the full contract value and the import of services by the Indian supplier from the foreign subcontractor. The Indian supplier must pay integrated tax on the imported portion under reverse charge and may claim input tax credit. Amounts directly paid by the overseas recipient to the foreign supplier can still count as export realisation for the Indian supplier if reverse charge IGST is paid and RBI permits retention abroad. en-us Tue, 08 Jan 2019 00:00:00 +0530 Wed, 15 May 2019 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60969 When an Indian supplier outsources part of a contract to a foreign supplier, two supplies occur: the Indian supplier's export to the overseas recipient for the full contract value and the import of services by the Indian supplier from the foreign subcontractor. The Indian supplier must pay integrated tax on the imported portion under reverse charge and may claim input tax credit. Amounts directly paid by the overseas recipient to the foreign supplier can still count as export realisation for the Indian supplier if reverse charge IGST is paid and RBI permits retention abroad. Circulars GST - States Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60969