Monthly Archives: August 2017

Question 7: How do I determine whether IT services provided by me constitute export of service under GST ? Answer: The supply of any service is considered an export of service, where the following conditions are met: (1) the supplier of service is located in India; (2) the recipient of service is located outside India;… Read More »

Question 6: Whether exports of software services attract GST? Answer: Exports and supplies to SEZ units and SEZ developers are zero-rated in GST. Zero-rating effectively means that no tax is payable on exports but the exporter/supplier is entitled to the input tax credit on inputs/input services used in relation to exports. The exporters have two… Read More »

Question 5: What is the rate of tax (GST)  on IT services? Answer: The rate of GST on IT services is 18%. Related GST FAQ GST FAQ on IT / ITES 150 GST FAQ’s Replied by Govt of India Tweet FAQs on GST Registration GST Tweet -100 FAQs replied by Govt ; Compilation GST Rates… Read More »

Question 4: The registered person ‘B’ receives small portions of software code from individuals which he then integrates and supply as a package to clients. These individuals are having small turnover of Rs 5 to 10 lakh, and therefore are not registered in GST. Whether there is any liability on ‘B’ in respect of services… Read More »

Question 3: ‘A’ is a dealer in Computers and Computer parts having turnover of Rs. 8 lakh in a year; does‘A’ have to register under GST? Answer: Every supplier located in a State or Union territory, whose “aggregate turnover” in a financial year exceeds twenty lakh rupees, is liable to be registered under GST. This… Read More »

Question 2: What are the implications of recognising the development, design, programming, customisation, adaptation, upgradation, enhancement, and implementation of information technology software as a service? Answer: The primary implication is that the place of supply rules applicable to services would apply in determining taxability of the supply of software services. The same would be applicable… Read More »

Question 1: Whether software is regarded as goods or services in GST ? Answer: In terms of Schedule II of the CGST Act 2017, development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software and temporary transfer or permitting the use or enjoyment of any intellectual property right are treated as services. But,… Read More »