RCM LIABILITY OVER PAYMENT MADE TO LEGAL FIRM AT ABROAD
This query is : Resolved
28 November 2022
We had payment in foreign currency to legal firm outside India, do we are liable to pay GST under RCM.
Regards
Regards
28 November 2022
As per Notification no.10/2017-IT(R) dtd 28.06.2017, one of the notified category on which GST is applicable under RCM is “any service supplied by any person who is located in a non-taxable territory to any person other than non-taxable online recipient”. IGST liability under RCM in case of Import of service has to be paid in cash/bank."
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