Gst applicable on import of consultancy service
This query is : Resolved
15 June 2018
Dear Experts,
Please advice Is GST Applicable if a pvt. ltd company takes Consultancy Service from abroad.
Please advice Is GST Applicable if a pvt. ltd company takes Consultancy Service from abroad.
15 June 2018
To qualify as import of service to attract liability under RCM, the following conditions has to be satisfied
as per Section 2(11) of IGST Act:
- the supplier shall be located outside India,
- place of supply shall be in India and
- the recipient of such service shall be located in India
To determine the place of supply, we need to be clear about the nature of service. if the said service is
not falling under any of the specific category of services (eg: services in relation to immovable property, event management etc) specified under Section 13 of IGST Act,
as per general provisions, the place of supply of service is the location of the recipient of service
i.e. India.
All the conditions specified for import of service would be satisfied. Hence, tax has to be paid under
RCM on import of consultancy services.
as per Section 2(11) of IGST Act:
- the supplier shall be located outside India,
- place of supply shall be in India and
- the recipient of such service shall be located in India
To determine the place of supply, we need to be clear about the nature of service. if the said service is
not falling under any of the specific category of services (eg: services in relation to immovable property, event management etc) specified under Section 13 of IGST Act,
as per general provisions, the place of supply of service is the location of the recipient of service
i.e. India.
All the conditions specified for import of service would be satisfied. Hence, tax has to be paid under
RCM on import of consultancy services.
15 June 2018
Thanks Mam for your valuable Input.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- TDS Challan Code
- Lease agreement and tax on sale
- CCFS 2026 Schemed
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
