TaxTMI 
TaxTMI 
GST on Service provided to Foreign Company in India
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....ST on Service provided to Foreign Company in India<br> Query (Issue) Started By: - Rahul Gawande Dated:- 22-8-2018 Last Reply Date:- 27-8-2018 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>Hello, I am IT Service provider. We provided service to a client of foreign company in India. We have to bill to foreign company who do not have any office in India. How do I bill them? Do I have to ....
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....add GST, if so at what rate? They will be transferring payment in USD to our bank account. Do I have to pay any Currency Conversion charges to bank? If yes & what rate? Please help. Reply By Rajagopalan Ranganathan: The Reply: Sir, You are providing the service to the client of foreign company who is located in India. The service is provided within taxable territory (India). Therefore you hav....
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....e to pay gst. Since the client of the foreign company is located in India he can avail the ITC of gst paid by you. The question whether you can charge the foreign company the gst paid by you depends on the clauses of the con tract entered into between you and the foreign company. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Rajagopalan Reply By Kishan Barai: The Re....
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....ply: According to my view and understanding of your questions, you are going to provide the bill to your foreign clients in USD, so no question arises of GST, as it would be termed as exports. Reply By Ramaswamy S: The Reply: GST is payable as the provider of service and the recipient of service is in the taxable territory. Regards S.Ramaswamy<br> Discussion Forum - Knowledge Sharing ....