Q. 723 Is it mandatory to realized sale proceed in convertible foreign exchange in case of exports under GST ?

Ans. Yes, export proceeds are required to be realised.

Q. 722 I own four taxis, 2 of these four taxis operate on km basis for govt dept, one of the taxi is hired by a pvt company at a monthly fixed rate ,one taxi i operate from taxi stand in goa for local customers my total annual turn over from all four taxi exceeds 56 lacs. whether i am liable to pay GST on revenue from all four vehicles ? what will be the GST rates ? is there any exemption for taxi stand operated taxi ?. Pl explain taxablity for each type of service 

Ans. Gst is exempt on metered cabs or auto rickshaws (including e-rickshaws): [Provided that nothing contained in items (e) above shall apply to services supplied through an electronic commerce operator, and notified under sub-section (5) of Section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017] Other taxi services are taxable under GST.

Q. 721 As we are providing repairing Services under SAC code – 998714 @ 5% to Foreign Customer whose vessel are in India. So Recipient is out of India and service is provider is in India so this transaction is Export or Local. In 43rd council – PoS of B2B supply of MRO Services in respect of ships/ vessels would be location of recipient of service – it means it is export or Local Sales B2B – means both the parties must be register in India or it is ok that 1 in India and other is out of India ?

Ans. It is to be considered as an export of services in the case of MRO services.