Top 10 Red Flags for an ITSS and ITes Exporting Company

Exporting services may be zero-rated under GST, but it is far from zero-risk.

For IT and IT-enabled service companies, the exposures arise from the inability to demonstrate that the statutory conditions governing the export have been satisfied. 

Documentation gaps, GST refund errors, transfer pricing challenges, FEMA non-compliance, continue to be among the most scrutinised areas during audits and investigations.