Gst on import of service

Import / Export 207 views 4 replies

Dear Sir

We are a management consulting firm ,sometimes we are taking services from a person from UK.For this service he raised invoices on us.In service tax regime we are used to pay the service tax amount and next month we are taking back the service tax paid amount under reverse charge mechanism.

Now my question is in GST also the same process followed  or it has been changed?

Pls update me.

Regards

Gupta

Replies (4)
Under GST regime you have to pay tax under reverse charge basis.

After make payment of GST on RCM can we take credit the same ?

 

Yes u can take credit of the same.

Raise RCM Invoice and pay IGST

Can claim ITC in same month, in which RCM Invoice is issued.


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