LDR GST

The Honourable Bombay High Court has held that GST is not chargeable to the services rendered abroad as they amount to the export of services and categorised as Zero Rated Supplies under Sec:16 of IGST Act 2017. The court allowed the GST refund to the petitioner. The core of the litigation involved is that the petitioner is in the business of providing production services to "A Suitable Company Ltd." (ASCL) located in London. The petitioner has entered into an agreement with ASCL for supplying such services.  The important clause of the agreement provides that if any refund of tax component is received by the petitioner, the production expenses shall be reduced from the consideration while computing the total amount payable towards supply of production services.  The petitioner received and used various input services for supplying production services to ASCL, on which applicable CGST/MSGST/IGST were paid/(borne the incidence) as charged by their vendors.  In cases where ...