is import of service without consideration taxable ?
Menu
Import of service without consideration
Replies (10)
yes provided in course or furtherance of business or as specified by government on recommendation of gst council
if not in course of furtherance of business ,than not ?
as per para 4, schedule 1 of section 7 of CGST , import of service without consideration by taxable person from related person outside India or his establishment outside India in the course or furtherance of business consider as TAXABLE supply.
if it is not for business than not consider as supply. so that not taxable.
if it is not for business than not consider as supply. so that not taxable.
thanx
if receive not in the course or furtheranceof business but with consideration. than gst applicability?
no if not received in the course or furtherance of business than it will not be considered as supply and hence GST will not be applicable.
i am not agreed with tuahar shingal.
as per sec 7(1)(b) import of service for consideration whether or not in the course or furtherance of business it is treated as supply. so that liable for gst.
as per sec 7(1)(b) import of service for consideration whether or not in the course or furtherance of business it is treated as supply. so that liable for gst.
I agree with Mr. Singhal
but Mr Sojitra is also right.
I m agreed with mr. sojitra
Recent Topic
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
- Resale of under construction Residential Flat part
Related Topics
CAclubindia
