Taxes on tranfer of foreign technology fees in dollars
This query is : Resolved
Quick Summary
14 December 2020
I need some advise
One of my client from India needs to pay Foreign technology transfer fees in dollars other country so want to know the legal requirements associated with it...what all taxes are required to be paid ?
Kindly help.
One of my client from India needs to pay Foreign technology transfer fees in dollars other country so want to know the legal requirements associated with it...what all taxes are required to be paid ?
Kindly help.
CA R SEETHARAMAN
(Expert)
15 December 2020
GST payable under RCM for import of services.
TDS applicable under section 195.
TDS applicable under section 195.
15 December 2020
Thank you so much Sir, so he will need to pay IGST @18% under RCM
CA R SEETHARAMAN
(Expert)
15 December 2020
Yes, you are right............
15 December 2020
If the technology transfer is done by an entity not registered with GST, then what will be the scenario Sir
CA R SEETHARAMAN
(Expert)
16 December 2020
In such a case no GST payable any how get it confirmed by other experts also.
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