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Payment in foreign currency
hi, if we paid in foreign currency for the purchase of goods or services so we need to pay RCM on it.
Replies (3)
Quick Summary
Yes, if it's your import of Goods / services, than you are required to pay GST under RCM along with custom duty, applicable if any.
We pay rcm on import then can we claim RCM refund.
You can claim input tax credit ( ITC ) of GST paid under RCM for/on Import of Goods and Services.
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