GST on Purchase of Services (Software License & Web Hosting Server) from Outside India
This query is : Resolved
10 November 2021
Hi,
How to pay GST on purchases made for software licenses from vendors like Cpanel, Digitalocean who bill monthly in USD and we pay by credit card. Can you please also help with accounting entries to be done as these invoices are in USD, so how to calculate GST and under which category they will come. Also how to claim input credit for the same.?
How to pay GST on purchases made for software licenses from vendors like Cpanel, Digitalocean who bill monthly in USD and we pay by credit card. Can you please also help with accounting entries to be done as these invoices are in USD, so how to calculate GST and under which category they will come. Also how to claim input credit for the same.?
CA R SEETHARAMAN
(Expert)
10 November 2021
Pay GST under RCM considering it as import of service claim ITC after RCM payment.
Adopt the same exchange rate for which payment is made.
Adopt the same exchange rate for which payment is made.
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