https://www.taxtmi.com/circulars?id=64247 Where an Indian exporter outsources part of services to a foreign supplier, the contract gives rise to a supply from the Indian exporter to the overseas recipient for the full contract value and an import of services by the Indian exporter for the outsourced portion. The Indian supplier must pay IGST under reverse charge on the imported portion and may claim input tax credit. The total contract value may be treated as export consideration despite direct payment to the foreign supplier if IGST on the import is paid and RBI permits retention of part of the consideration abroad. en-us Mon, 11 Mar 2019 00:00:00 +0530 Mon, 24 Aug 2020 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64247 Where an Indian exporter outsources part of services to a foreign supplier, the contract gives rise to a supply from the Indian exporter to the overseas recipient for the full contract value and an import of services by the Indian exporter for the outsourced portion. The Indian supplier must pay IGST under reverse charge on the imported portion and may claim input tax credit. The total contract value may be treated as export consideration despite direct payment to the foreign supplier if IGST on the import is paid and RBI permits retention of part of the consideration abroad. Circulars GST - States Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64247