the location of receipt in India,
location of suppliers also in india,
but.
service provider outside India.
Can this transaction GST applicable or not , if yes
then at forward or RCM base
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Export services GST applicable
Replies (4)
Quick Summary
A question about GST applicability on services provided by a foreign service provider!
GST Applicability The transaction is subject to GST in India, as:
1. _Location of recipient_: The recipient (you) is located in India.
2. _Location of supplier_: Although the service provider is outside India, the supplier (the Indian entity receiving the service) is located in India.
GST Liability The GST liability will be on a Reverse Charge Mechanism (RCM) basis:
1. _RCM applicability_: As the service provider is outside India, the recipient (you) will be liable to pay GST under RCM.
2. _GST rate_: The applicable GST rate will be determined based on the service provided.
Additional Requirements .
1. _GST registration_: Ensure you have a valid GST registration to comply with RCM requirements.
2. _GST returns_: File GST returns (GSTR-3B and GSTR-1) to report the RCM liability and claim input tax credit (ITC), if eligible.
Consult a Tax Professional To ensure compliance with GST regulations, consider consulting a tax professional.
We are service providers (location in india), the service receipt also in india but service provided outside India, what is GST liability either RCM bases or forward charge base
Where both the service provider and the recipient are located in India, but the service is provided outside India, the GST implications are as follows:
GST Applicability:
Yes, GST is applicable on this transaction.
Tax Mechanism:
Forward Charge Mechanism: Since both the service provider and the recipient are located in India, the GST liability will be under the forward charge mechanism. This means the service provider will charge GST on the invoice and collect it from the recipient.
GST Applicability:
Yes, GST is applicable on this transaction.
Tax Mechanism:
Forward Charge Mechanism: Since both the service provider and the recipient are located in India, the GST liability will be under the forward charge mechanism. This means the service provider will charge GST on the invoice and collect it from the recipient.
Exports and Refunds under GST:All you need to know
Explained in simple way in this video -
https://youtu.be/qU0rLgGJViM
For more details -
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Explained in simple way in this video -
https://youtu.be/qU0rLgGJViM
For more details -
CA Sachin M Jain .8O975. l5447
WhatsApp : https://tinyurl.com/wCASMJ
Facebook : https://tinyurl.com/FCASMJ
Instagram : https://tinyurl.com/ICASMJ
LinkedIn : https://tinyurl.com/LCASMJ
YouTube : https://tinyurl.com/YCASMJ
Twitter : https://tinyurl.com/TCASMJ
Email : casachinmjain @ gmail.com
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