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GST Registration Query


Amish Maknojia (Student)     28 March 2021

Amish Maknojia
Student 
 19 likes  445 points

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Hello Experts
One of the clients is in the profession of creating or compiling videos for a foreign company and he receives payment in his account from a foreign. His total receipts during the year are 45 lakhs and there are no bills or invoices raised, is he liable for GST registration?

prasad Nilugal

prasad Nilugal   28 March 2021

prasad Nilugal

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Look like this is the case of Export of service , if your turnover exceed 20 lac , registration is required . Even though Export of service is Zero rated supply (No GST ) , you have to follow all procdure , for i.e you can export service by paying IGST and claim refund or Export through LUT , Subject to conditions .
prasad Nilugal

prasad Nilugal   28 March 2021

prasad Nilugal

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Look like this is the case of Export of service , if your turnover exceed 20 lac , registration is required . Even though Export of service is Zero rated supply (No GST ) , you have to follow all procdure , for i.e you can export service by paying IGST and claim refund or Export through LUT , Subject to conditions .
Sourav

Sourav (Student)     28 March 2021

Sourav
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Agree with prasad
prasad Nilugal

prasad Nilugal   28 March 2021

prasad Nilugal

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Also Import Export code is mandatory for export and Import so you have to apply for same before export .
Amish Maknojia

Amish Maknojia (Student)     28 March 2021

Amish Maknojia
Student 
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Thank you for your response
however IEC is NOT required in case of export of service
prasad Nilugal

prasad Nilugal   28 March 2021

prasad Nilugal

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In case you are taking benefits of Forgine Trade policy then for export of service IEC code is required .

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