Goods and Services Tax (GST) on Overseas Transactions in India

On November 14th, Corporate Accounting Services Senior Associate, Ishtaa Jain, will discuss the Goods and Services Tax (GST) on overseas transactions in India.

Introduced in 2017, the GST is a comprehensive, multi-stage, destination-based tax that is imposed on every valuable addition. The tax replaces various federal and state levies paving the way for a simplified tax structure in India.

Under the GST regime, exports are treated as ‘zero-rated supplies’. That is, supplies on which the GST rate is fixed as zero. It is the endeavour of the government to ensure that exports are encouraged by providing necessary tax breaks. However, imports under the GST are treated as inter-state supplies and are taxed accordingly.

Join us in this webinar to understand the conditions, applicability and amendments related to the GST on overseas transactions.

Ishtaa’s presentation will cover the following topics:

1) Exports under the GST – Introduction, conditions to qualify as zero-rated supplies, place of supply, valuation of supply, eligibility for refund, brief description of deemed exports, related amendments as per the Amendments Act

2) Imports under the GST – Introduction, determination of place of supply for various kinds of transactions, applicability of Reverse Charge Mechanism (RCM), valuation of supply, related amendments as per the Amendments Act

3) Blocked credit under the GST – Introduction, eligibility and conditions, related amendments as per the Amendments Act

To register, please click here.