GST by a foreign company not having office in India

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vilochan singh shah (Querist)
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14 August 2020 We have taken one aircraft on lease from a USA company. Can the USA company charge GST on Lease Rent or we are liable under Reverse Charge.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 August 2020 USA company will not charge GST on Lease Rent. You are liable under Reverse Charge under import of service.

Udaya Chandran

Udaya Chandran (Expert)
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14 August 2020 As per my opinion, It is import of service. RCM is applicable as per Mr.Seetharaman.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 August 2020 If the supplier of service is located in a non-taxable territory, the recipient of services located in the taxable territory is liable to pay GST under reverse charge. Notification Nos. 13/2017-CT (Rates) and 10/2017-IT (Rates) dated 28-6-2017

Udaya Chandran

Udaya Chandran (Expert)
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14 August 2020 @CA R Seetharaman

Thanks sir, agree with you.

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