Liquidated damage, debit note in foreign trade

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professional service
293 Points Joined December 2009

Foreign supplier raises debit note towards liquidated damage for delayed supply and commissioning at Indian site,,outside letter of credit.

As Indian importer, what compliance obligation to discharge besides GST liability etc.

Please guide

Jayanta Bandyopadhyay

Howrah

26.8.21

21

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On 26 August 2021 at 07:04 Report
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602 Points Joined January 2020
I think so it is account as importation services and you will have pay gst on such services under RCM.
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On 26 August 2021 at 07:20
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CA
618 Points Joined March 2018
RCM is applicable
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On 26 August 2021 at 23:41
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GST Consultant
15986 Points Joined March 2013

RCM for import of service will be applicable @ 18%

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On 27 August 2021 at 09:19


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