Gst on Royalty on books sold abroad

Hi Hemant,

Please let us know whether you are a Publisher or Author?

Assuming you are Author, please let us know who pays you the Royalty for the books sold abroad? Is it Indian Publisher or Foreign publisher?

Hi Hemant

This would be considered as export of services under GST since you would be receiving the remittance in foreign currency.

If you are registered under GST, you can apply for LuT and export such services without payment of GST. If not registered, registration applicability needs to be checked. You need to register for GST if your annual turnover exceeds Rs 20 lacs.

Hi Hemant,

In that case, it would be considered as export of services under GST if you receive the payment in foreign currency and have FIRC for each payment.

Are you registered under GST. If yes, then you should apply for LUT and then you can export such services without payment of IGST. If you don't take LUT, you will have to first pay IGST and then claim refund of it.

If not registered, you need to register for GST if your annual turnover exceeds Rs 20 lacs from export plus domestic services.

Hi,

This will be considered as export of services under GST. You will need to register for GST if the turnover exceeds 20 lakhs.

Regards,

Nikhil.

Yes GST would apply since it will be export of services .

Dear Sir,

It will be treated as export of service and you need to obtain GST registration if the threshold crossed RS.20 lacs. Under export there are two.options available, one is export with payment of taxes and second is export without Payment of taxes. For export without payment of taxes, you need to obtain LUT for which application is made online.

I may assist you in all GST formalities.

Thanks