watch_later 21/01/18

Let's assume X is an exporter of services. His total exports exceed Rs.20Lakh during the year.

He gets his income to his bank account in convertible foreign currency.

X was not covered under Service Tax earlier. 

He does not have any revenue generating from India.

He does not want to claim any input credit from govt.

Please Suggest - If X has to get register under GST and why?

1 Response | Latest response: 11/04/18 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 11/04/18

X needs to be registered under GST as his turnover has crossed Rs. 20 lakhs. Further X should pay IGST and claim refund later.

However paying GST can be avoided if he files LUT. After filing LUT for financial year X can avoid payment of IGST.

He need to file GST returns.


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