Import of service

This query is : Open

CA Prachet Banker (Querist)
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28 June 2018 Hello, I am raising one query regarding GST on import of services. Need your help on the same.

One Indian Company has imported vessel from Korea to Gujarat. It has made payment to intermediary/broker located outside India (Singapore) who helped the company to final the deal. Is the company liable to make payment of IGST under RCM or not?

R. B. Yadav (CMA, LLB)

R. B. Yadav (CMA, LLB) (Expert)
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28 June 2018 Yes, It is an import of service and receiver is liable to make the payment of GST under reverse charge mechanism - section 9(3)

RAJA P M

RAJA P M (Expert)
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28 June 2018 Yes... If You will pay Commission to the Broker then It's treated Import of service and You ll pay GST Tax under RCM basis as per sec 5(3) of IGST act...