Will this transaction incur GST or will it be considered export of service? If Money is received in USD from US Subsidiary.
We are a registered private limited company in India and also have a 100% owned subsidiary in the USA (management of both companies is the same). We build softwares/websites for US/foreign clients via our US subsidiary.
The Pvt Ltd. Company (Parent firm) then invoices our own subsidiary for the work done after including transfer pricing. The money is received in USD from our US Subsidiary.
Will this transaction incur GST or will it be considered export of service?