GST by a foreign company not having office in India
This query is : Resolved
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.
14 August 2020
USA company will not charge GST on Lease Rent. You are liable under Reverse Charge under import of service.
14 August 2020
As per my opinion, It is import of service. RCM is applicable as per Mr.Seetharaman.
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
14 August 2020
@CA R Seetharaman
Thanks sir, agree with you.
Thanks sir, agree with you.
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