TaxTMI 
TaxTMI 
Export of services
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....utside India; (iii) the place of supply of service is outside India; (iv) the payment for such service has been received by the supplier of service in convertible foreign exchange or in Indian rupees wherever permitted by the Reserve Bank of India; and (v) the supplier of service and the recipient of service are not merely establishments of a distinct person in accordance with Explanati....
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....harge and also be eligible to take input tax credit of the integrated tax so paid. Further, if the provisions contained in section 2(6) of the IGST Act are not fulfilled with respect to the realization of convertible foreign exchange, say only 60% of the consideration is received in India and the remaining amount is directly paid by the US based client to XYZ Ltd. Mexico, even ....
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.... of supply of services to qualify as export of services, will hit by section 2(6)(iv) of IGST Act. [ See Circular No. 202/14/2023-GST dated 27.10.2023 ] * Clarification on whether the supply of service by a subsidiary/ sister concern/ group concern, etc. of a foreign company in India, which is incorporated under the laws in India, to the foreign company incorporated....
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....e Tax Rules 1994, namely Rule 6A. The essential requisites before a service can be designated as export service are: * It must be a service as defined under section 65B(44) * by a service provider located in the taxable territory * to a service receiver is located outside India * the service is not a service specified in the negative list * the place of provision of the service is o....