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GST ON LICENSE USED-ROYALTY

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60 Points Posted on 19 December 2018
We are using product license of one entity overseas, As per register user agreement between us, we have to pay Royalty to them in foreign currency. What would be the GST liability while discharging this liability? Can I have the opinion?
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On 19 December 2018 at 18:15 Report
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Practicing Chartered Accountant
67 Points Posted on 20 December 2018

This would amount to import of service and GST should be applicable on the same

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On 20 December 2018 at 00:18
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60 Points Posted on 20 December 2018
what would be GST rate?
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On 20 December 2018 at 08:37
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GST Practitioner
55067 Points Posted on 24 December 2018
yes its import of services & As per Notification 10 IGST (r) , RCM is to be done @ 18%
301 Reply
On 24 December 2018 at 20:35
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60 Points Posted on 24 December 2018
Thanks for Update
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On 24 December 2018 at 21:02


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