Reverse charge applicablity
This query is : Resolved
12 March 2020
Taxpayer has received commission in $ from Foreign company against meeting the sales target. Taxpayer already has LUT. Do the taxpayer require to pay IGST on reverse charge basis on the payment received?
12 March 2020
RCM Liability will arise only on our expenses and not our income.
12 March 2020
Here it's forward charge.
The intermediary can charge CGST and SGST on the commission amount in the invoice raised to the foreign company (supplier of goods).
The intermediary can charge CGST and SGST on the commission amount in the invoice raised to the foreign company (supplier of goods).
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