Q. 442 Exports of goods chargeable to GST @ 18% made under LUT. In Table 17 of GSTR-9, whether against HSN of goods, rate of 18% or rate of 0 % to be entered ?

Ans. In the above case, you can disclose export of goods chargeable at the rate of 18% under table 17 of GSTR-9 in the column 18%.

Q. 441 Our Co is getting Advertisement revenue from Google US . The payment for the same is getting directly credited by Google US in US $, neither we are raising any invoice to them nor its clear where the services are consumed . In our opinion its Export of services as POS is US . Please clarify ?

Ans. Under GST law, export of services means the supply of any service when,– (i) the supplier of service is located in India; (ii) the recipient of service is located outside India; (iii) the place of supply of service is outside India; (iv) the payment for such service has been received by the supplier of service in convertible foreign exchange or in Indian rupees wherever permitted by the Reserve Bank of India; and (v) the supplier of service and the recipient of service are not merely establishments of a distinct person in accordance with Explanation 1 in section 8 [Section 2(6)].

Q. 440 Whether Interest on Fixed Deposit, Savings A/c and PPF is Exempt Supply and thus to be included in Aggregate Turnover Calculation of 20 Lacs for Registration ?

Ans. Yes, under GST aggregate turnover is the value of all outward supplies. It includes taxable supplies, exempt supplies, exports, and interstate supplies.