Export of services
Query (Issue) Started By: – Archna Gupta Dated:- 28-11-2017 Last Reply Date:- 1-12-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Dear Expert,
\nIf we raise invoice to our foreign client for providing services and we raise invoice for "Export of services on payment of IGST". Suppose the invoice is raised for 100 USD and charged IGST @ 18% i.e., total invoice amount comes to 118 USD.
\n1. Whether the invoice for 100 USD or 118 USD will be sent to the client?
\n2. whether we'll receive 118 USD or 100 USD from our client? What I understand in this case that we'll receive 100 USD from client and deposit IGST of 18 USD from our own pocket and later on will apply for refund of 18 USD.
\nReply By <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n If insufficient balance in ledger, advisable to export under LUT\/Bond. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Export of services Query (Issue) Started By: – Archna Gupta Dated:- 28-11-2017 Last Reply Date:- 1-12-2017 Goods and Services Tax – GSTGot 6 RepliesGSTDear Expert, If we raise invoice to our foreign client for providing services and we raise invoice for "Export of services on payment of IGST". Suppose the invoice is raised for 100 … Continue reading “Export of services”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9197","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9197"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9197\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRegards
\nS.Ramaswamy
\nReply By Archna Gupta:
\nThe Reply:
\nThanks to all for your concern. In my case these queries are related to my earlier invoices issued because that time we had not filed LUT.
\nSanjay ji my further query is that my total invoice value is 118 USD as is given in the example which I sent to my client in USA and he makes the full payment of 118 USD. What will I do in that case? Will I have to deposit more IGST by grossing up the amount received or should refund the money extra received?
\nOr we should send the invoice of 100 USD only? Will that be correct?
\nFor what amount I will file the refund claim?
\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nArchna j<\/p>\n
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