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EXPORT OF SERVICES UNDER GST

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Published on 16 Aug 2019 / In Salary Class

Today We will discuss about GST on Export of Services

DIFFERENCE BETWEEN IMPORT AND EXPORT OF SERVICES:-

1. IMPORT OF SERVICES:

SUPPLY OF ANY SERVICES IN WHICH:
• PLACE OF SUPPLY IS WITHIN INDIA.
• SUPPLIER OF SERVICES LOCATED OUTSIDE INDIA.
• RECIPIENT OF SERVICES IS IN INDIA.

2. EXPORT OF SERVICES:

AS PER IGST ACT, TAX PAID ON EXPORT OF SERVICES IS
REFUNDABLE UNDER FOLLOWING SITUATIONS:-
• SUPPLIER OF SERVICES IS IN INDIA.
• RECIPIENT OF SERVICES IS OUTSIDE INDIA.
• PLACE OF SUPPLY IS OUTSIDE INDIA.
• PAYMENT OF SUPPLY MUST BE IN CONVERTIBLE FOREIGN
EXCHANGE (NOT IN INDIAN RUPEES).
• SUPPLIERS OF SERVICES & RECIPIENT ARE NOT FROM
ESTABLISHMENT OF DISTINCT PERSON. (E.G. BRANCH)

3.ELIGIBILITY TO FILE REFUND:-

FOLLOWING ARE THE CONDITIONS TO BE COMPLIED WITH FOR
FILING OF GST RFD-01A FORM TO CLAIM REFUND ON ACCOUNT
OF EXPORT OF SERVICES WITH PAYMENT OF TAX:-
• TAXPAYER MUST BE ENROLLED WITH GST PORTAL & HOLDS
ON ACTIVE GSTIN FOR PERIOD OF REFUND IS APPLIED.
• FORM GSTR-1 AND GSTR-3B NEED TO BE FILED FOR ALL TAX
PERIODS FOR WHICH REFUND NEED TO BE CLAIMED.

•TAXPAYER HAS TO MAKE PAYMENT FOR TAXES AT THE TIME OF
MAKING EXPORT OF SERVICES, WHICH NEEDS TO BE CLAIMED
FOR REFUND.

https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz



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