Gst is applicable on consulting agreement with foreign compa
This query is : Resolved
vinod malpani
(Querist)
14 April 2018
Sir,
we are in agreement with a company of israel regarding technical support through sketch or diagram for our project going on in india. As per the agreement we have to pay yearly Technical knowhow charges to them. I just want to know that payment for the same will attract GST (RCM). Please confirm all services are through email not by any physical visit of the consultant.
we are in agreement with a company of israel regarding technical support through sketch or diagram for our project going on in india. As per the agreement we have to pay yearly Technical knowhow charges to them. I just want to know that payment for the same will attract GST (RCM). Please confirm all services are through email not by any physical visit of the consultant.
CA R SEETHARAMAN
(Expert)
14 April 2018
It will fall under import of services GST payable under RCM.
vinod malpani
(Querist)
14 April 2018
sir but the agreement was made in 10th april-2017 for one year i.e 1.4.2017 to 31.03.2018.
CA R SEETHARAMAN
(Expert)
15 April 2018
Services received from 1st July 2017 attracts GST irrespective of agreement date,
vinod malpani
(Querist)
30 April 2018
Thanks for your help sir
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