We received certain services from our overseas group company related with HR and Insurance.
Our group company has raised invoice on us in foreign currency.
My question is whether Tds and GST under RCM is applicable while we account for this invoices in our books.
please advise.
Menu
GST RCM Query
Replies (2)
The location of the supplier of service being outside India and that of the recipient being in India, place of supply(POS) is to be determined as per Section 13 of the IGST Act. The said supply is not covered under sub-sections (3) to(13) and therefore POS is location of the recipient i. e in India. Hence GST under RCM is applicable on import of services from overseas group company
Thank you
Recent Topics :
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
- ITR FORM FILING REGARDS
Related Topics :
CAclubindia
