RCM on import of services including IPR

CA Akshay Hiregange | Last updated: 04 October 2020

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This article explains the Reverse Charge Mechanism (RCM) for imported services and intellectual property (IP) under India's GST regime. It clarifies that imported services are treated as inter-state supplies and details the conditions for RCM applicability. The piece also covers the tax treatment of IP rights, including royalty payments, and outlines the applicable GST rates and time of supply rules.

This article would help persons who have large number of foreign clients, persons who attend foreign business events held outside India, or have holding company outside India including procurement of services from outside India. Service sector plays an important role in technology diffusion espec

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About the Author

CA Akshay Hiregange

Partner - Audit & Assistance

Qualified as Chartered Accountant in 2016. Currently, I am Partner of Audit Assistance divisionatHiregange and Associates (BLR). Has experience of 3 years in Internal Audits, Compliance and Assistance matters. Also, 5years and counting in Indirect Taxes, directing focus toward GST, including audit and consultancy mat ... Read more

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