https://www.taxtmi.com/forum/issue?id=117815 Exported software services that are supported by SOFTEX declarations and proof of receipt in convertible foreign exchange remain zero-rated, but failure to obtain GST registration or to meet LUT conditions (timely foreign payment for services) exposes the supplier to assessment as an unregistered person and to statutory penalties and interest; the burden of proving bona fide exports rests with the supplier and administrative relief from penalties may be sought. en-us Thu, 17 Feb 2022 19:02:52 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117815 Exported software services that are supported by SOFTEX declarations and proof of receipt in convertible foreign exchange remain zero-rated, but failure to obtain GST registration or to meet LUT conditions (timely foreign payment for services) exposes the supplier to assessment as an unregistered person and to statutory penalties and interest; the burden of proving bona fide exports rests with the supplier and administrative relief from penalties may be sought. Discussion-Forum GST Thu, 17 Feb 2022 19:02:52 +0530 https://www.taxtmi.com/forum/issue?id=117815