What is Export of goods ? What is Export of Services ? Section 2 IGST, Notification 15/2018 IT Rate

[@aalam2167]

Great 🙏

[@ShilpS07]

Nicely explained 👍

[@jyotibansal4925]

Amazing

[@kamalmall9830]

Hi Sir, Video is really helpful, i have one query- as per Section 2(6) of the IGST Act, "export of services" is defined as the supply of any service when, among other conditions, the payment is received in convertible foreign exchange or in Indian rupees wherever permitted by the Reserve Bank of India. The query is whether approval from the RBI is applicable to all cases or if prior approval is required in each instance when we receive Fees amount in Rs. from Nepal.

[@talismaaniac]

While I get that when same person has a firm in india and outside india (how is that determined that the person is same? owner of company / firm / proprietorship / LLC / etc is same?) then any service rendered by Indian to Outside Indian will not be treated as export. But why would anyone do that (render service to his own company) in the first place? and why would he create another firm outside india or in the same state or outside state? In order to split income?