TaxTMI 
TaxTMI 
EXPORT OF SERVICE
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....XPORT OF SERVICE<br> Query (Issue) Started By: - SAFETAB LIFESCIENCE Dated:- 15-5-2018 Last Reply Date:- 16-5-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Dear Friends/Experts, We a Chennai based Pharma company have done consultancy to foreign company. Now, we have to raise Invoice. The receiver has no GST registration in India/Tamilnadu. Payment will be received by USD only.....
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.... Hope this is GST exempted Supply (i.e) Export of Service/Supply. Shall we raise Invoice without charging GST ? Or shall we have to raise Invoice with GST and collect GST from party and pay to Government and to get refund from Government ??? Experts please guide us immediately please. It is urgent at our end. Reply By Harshal Fifadra: The Reply: Yes, it is an export of service as the plac....
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....e of supply is outside India as per Section 13(2) of IGST Act, 2017 and all the conditions of export are getting satisfied as per Section 2(5) of IGST Act, 2017. Reply By Ganeshan Kalyani: The Reply: Sec 16 of IGST Act, states that a registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely:-- (a) he may supply goods or services o....
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....r both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions, safeguards and procedure as may be prescribed, on payment of integrated tax and claim refund of such tax paid on goods or....
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.... services or both supplied, Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of experts. Reply By YAGAY and SUN: The Reply: In our view the place of provisions of services is outside of India and hence, would be treated as export of services, therefore, accumulated ITC would be paid back in case as refund and this refund would be calculated as per the prescribed formula.<br> ....
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