Is IGST paid on import of goods can be treated as RCM.
Replies (3)
Quick Summary
This discussion delves into whether the IGST paid on imported goods can be considered a Reverse Charge Mechanism (RCM). While the general consensus is no, some argue for a deeper view suggesting it could be. The prevailing opinion is that IGST on imports is a forward charge levied by customs, which can then be claimed, rather than a true RCM. However, RCM is applicable for services received by the recipient.