Overseas Service provider and gst
I am new to this platform but recently came to know about it from someone visiting from Delhi.
Seems like an easy and transparent way for Govt officials to connect with public and I hope even zone level officers get access to it.
My question is as a consulting service provider who is based overseas, serving customers in India, are we liable for gst? How do we deposit it? more
Seems like an easy and transparent way for Govt officials to connect with public and I hope even zone level officers get access to it.
My question is as a consulting service provider who is based overseas, serving customers in India, are we liable for gst? How do we deposit it? more
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As long as you're Invoicing in USD and being paid overseas through banking channels, there is no requirement for you to Register. The onus for paying GST under Reverse Charge remains with your Customer and compliance is his responsibility. In case payments are being received in India in INR on your behalf, then Registration etc would become a requirement based on the total payments being received by the person / entity receiving the payments, irrespective of whether the payments were on your behalf or its own business dealings. more
Jul 31
If the Service Provider is in non-taxable territory, no GST liablility for the provider. However, the service receiver in India has to pay applicable GST as the Law imposes the liability on the receiver under reverse charge mechanism. more
Jul 31
You may also refer to Section 13 of IGST ACT as suggested by Shri. Vijay Gupta, for have better clarity on provision of services from Non-Taxable Territory. more
Jul 31
If the receiver is an individual and the purpose is other than commerce, industry or any other business or profession, You may also refer to this specific clause of exemption list:
Services received from a provider of service located in a non- taxable territory by -
(a) Government, a local authority, a governmental authority or an individual in relation to any purpose other than commerce, industry or any other business or profession; (b) an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) for the purposes of providing charitable activities; or
(c) a person located in a non-taxable territory;
Provided that the exemption shall not apply to –
(i) online information and database access or retrieval services received by persons specified in clause (a)or clause (b); more
Services received from a provider of service located in a non- taxable territory by -
(a) Government, a local authority, a governmental authority or an individual in relation to any purpose other than commerce, industry or any other business or profession; (b) an entity registered under section 12AA of the Income tax Act, 1961 (43 of 1961) for the purposes of providing charitable activities; or
(c) a person located in a non-taxable territory;
Provided that the exemption shall not apply to –
(i) online information and database access or retrieval services received by persons specified in clause (a)or clause (b); more
Jul 31
Effectively means, you may collect only your service charges and based on that invoice, the receiver will pay the GST. more
Jul 31
Good suggestion by Shri.Yogendra Garg..additional ..e-mail/and phone contact numbers shall be on the net. more
Jul 29
If you are providing Online data retreival (ODIR) services then it is your liability under GST to discharge by taking appropriate registration under gST. For other services the liability is on the receiver of services in India under reverse charge mechanism. more
Jul 29
Unless you have place of business in India or you operate through an agent appointed you as a foreigner will not be liable to pay GST. The person receiving service will pay tax on reverse charge basis. This comes with caution though that as per Section 7 (1) (b) of CGST Act made applicable to IGST Act vide definition of supply u/s 2(21) of IGST Act, import of services is supply even though not made in course of furtherance of business. The interpretation and implications are unheard of and undiscussed even on professional forum; simple one being me downloading research report of say Wharton University for studies by paying them on website through card. The transaction is supply and therefore taxable. I have to take registration and do compliances even as student using report for studies? Representations being made to look into this aspect expect some modifications there. more
Jul 29
Since you are providing Services from abroad so you don't have to pay GST instead the person receiving service wil pay tax under reverse charge mechanism in GST Regime. more
Jul 29
