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?
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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