EXPORT OF SERVICES: SECTION 26(IV) OF THE IGST ACT, 2017
Section 26(IV) of the IGST Act, 2017 deals with the export of services.
Export of services is considered as a zero-rated supply under the IGST Act.
The term 'export of services' is defined as the supply of any service when the supplier of service is located in India and the recipient of service is located outside India.
The place of supply of services is determined based on the location of the recipient of service.
The export of services is subject to certain conditions, such as the receipt of payment in convertible foreign exchange and the submission of certain documents.
The export of services is eligible for refund of input tax credit under certain circumstances.
The provisions of Section 26(IV) of the IGST Act, 2017 aim to promote the export of services from India.