Do we come under Zero Rated GST

Dear Ram,

Yes, these services fall under the ambit of zero rated services.

However, GST registration is mandatory if the value of services exceeds INR 20 lacs. You can export without payment of IGST after obtaining LUT.

Hii

yes this is export of services and treated as Zero Rated Supply under GST

Yes these services will come under zero rated services. However you will need to get the GST registration done if the value of services exceed 20 lakhs

Dear Ram,

Hope you are doing well !

It will be considered as a zero-rated supply i.e export of services. GST will not be levied on export of any kind of goods or services.

In case the turnover/income of exporting services, exceeds 20 lakhs, you will be compulsorily required to take registration under GST even if exports are zero-rated under GST.

The Exporter will have an option to either pay tax on the output and claim refund of IGST or export under Bond without payment of IGST and claim refund of Input Tax Credit (ITC).

Thanks & Regards,

Payal Chhajed

As per my limited knowledge of GST and from what i have read I want to say that export of service is covered under zero rated supplies and since you are catering to service receiver situated outside India and you are receiving payment in foreign exchange, your service would be treated as export. Also you can claim refund of ITC credit received if you fully into export or a proportionate portion of ITC credit.

Hope this helps if it does do give it a 5 rating and provide your valuable feedback for my improvement.

Thank you

Hi,

- Yes it will be treated as export of services. You will be liable for registration once the limit of turnover exceeds Rs.20 lacs. You can either pay GST and claim refund later on or apply for LUT for export without payment of tax.

Thanks

Dear Sir,

Yes, It is export of services and should be treated as zero rated supply under GST.

Hi

Yes it will be treated as Export of services under GST.

Hi Ram

Yes, such services shall be classified as export of services, hence zero rated supplies.

However, if your turnover exceeds Rs 20 lacs, you are required to take GST registration. Post registartion, apply for LUT and export without payment of GST.

Also, maintain FIRC copies of all foreign inward remittances.

Yes, such services are treated as Exports for GST Purpose.