Certain services classified under export of services under GST
Posted By :
SHALU /
Published on :
18-Jan-2023 09:02 AM /
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164 /
Comment :
1
An Indian Pvt Ltd co. engaged in certain services classified under export of services under GST.
The company received advance worth 2cr from an overseas customer in March 2020 in USD in their bank account as advance against the travel-based services to be provided. From March 2020 the international travel ceased so, the company has not provided any services for last two years to the said client.
The issue : How will the above advance be treated under section 73 and Deposit rules.
-Whether it falls under Public Deposit/Loan
-Whereas it's simply a business advance against services to be provided in future but outstanding for more than 365 days.
-What options the company has to not the same be treated as deposit/loan.
Please give resolutions
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Posted By : SHALU /
Published on :
23-Sep-2023 08:50 AM /
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28 /
Comments : 0
The appointment of a director who is a resident or citizen of China to a company's board of directors typically involves several steps and considerations, depending on the jurisdiction and the specific company's requirements including DIN Clearance from MHA.
As per the Companies (Appointment and Qualification of Directors) Rules, 2014, individuals who are citizens of the aforementioned neighboring countries require approval from the Ministry of Home Affairs (MHA) before they can obtain a DIN and become directors in Indian companies.
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Posted By : SHALU /
Published on :
23-Sep-2023 08:48 AM /
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14 /
Comments : 0
Does the login has to be created for foreign national??
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Posted By : SHALU /
Published on :
23-Sep-2023 08:48 AM /
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16 /
Comments : 1
Recent Amendment in Companies ( appointment and qualifications) Rules by ministry of corporate affairs.How to get security clearance by MHA ?
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Posted By : SHALU /
Published on :
23-Sep-2023 08:47 AM /
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16 /
Comments : 1
As per , Notification dated 01st June 2022
I have submitted a security clearance application on behalf of an individual through the portal.
However, the status still indicates that the application is 'submitted.' Is there a specific time limit for approval, and if not, where can I raise a complaint or seek assistance in this matter?
Is there an authority or physical location where I can visit with the required documents to expedite the approval process?
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Posted By : SHALU /
Published on :
23-Sep-2023 08:24 AM /
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13 /
Comments : 1
I the director is of Taiwanese origion, will it be mandatory for getting security clearance
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Posted By : SHALU /
Published on :
23-Sep-2023 08:16 AM /
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17 /
Comments : 2
Please confirm after filing of an Application how to track approval on https://esahajmcaservices.nic.in/
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Posted By : SHALU /
Published on :
23-Sep-2023 07:10 AM /
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10 /
Comments : 0
How to verify for Directors Disqualification under Sec 164(2), vacation under Sec 167
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Posted By : SHALU /
Published on :
23-Sep-2023 07:09 AM /
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12 /
Comments : 0
What is the main legal argument presented in the Reply regarding the GST Department's rejection of GST registration based on unregistered rent agreements, and how does it relate to Section 55 of the Maharashtra Rent Control Act 1999?
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Under GST, certain services are classified as export of services when they meet certain conditions and are provided to a recipient located outside India. Such services are eligible for zero-rated tax treatment, meaning that no GST is charged on the services and the exporter can claim a refund on any input tax credits.
The conditions for a service to be classified as export of services are as follows:
Examples of services that may be classified as export of services under GST include:
It is important to note that the exporter of such services must obtain a GST registration and comply with all the necessary rules and regulations, including filing of GST returns and claiming refunds, if applicable.