Rcm
This query is : Resolved
05 September 2019
A bangalore based company provides sporsorship services to organize an event in Bangalore to a foreign company. Will tax be paid on reverse charge in this? IGST or CGST/SGST will be paid on this?
CA R SEETHARAMAN
(Expert)
05 September 2019
Tax to be paid on reverse charge in this, CGST/SGST will be paid on this as place of supply will be the place where event held.
05 September 2019
The recipient of service is a foreign company not having any establishment/office in India, and hence not registered also. Who will pay tax then? And what kind of invoice shall be issued?
CA R SEETHARAMAN
(Expert)
05 September 2019
The registered dealer who has to pay GST under reverse charge has to do self-invoicing for the purchases made. For Intra-state purchased CGST and SGST has to be paid under RCM by the purchaser.
05 September 2019
The recipient of service is a foreign company not having any establishment in India so how will that company pay gst under reverse charge here?
CA R SEETHARAMAN
(Expert)
05 September 2019
Bangalore based company to raise invoice under forward charge and pay GST.
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05 September 2019
Thanks for the reply... Reverse charge will not be applicable then.
CA R SEETHARAMAN
(Expert)
05 September 2019
Yes..................
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