Menu
RCM EXPENSES
Whether RCM applicable for Exhibition expenses outside India
Replies (4)
As per Section 2(11) of IGST Act ‘2017, ‘‘import of services” means the supply of any service, where:
(i) the Supplier of service is located outside India;
(ii) the Recipient of service is located in India; and
(iii) the Place of Supply of service is in India;
(i) the Supplier of service is located outside India;
(ii) the Recipient of service is located in India; and
(iii) the Place of Supply of service is in India;
As per section 13(5) of IGST Act : The supplier & services held outside India , No GST is applicable
in case of import of service without consideration from outside for business purpose then RCM is applicable
with consider must
with consider must
@ priya Kashyap
In term of para 4, of schedule I, Import of services is Taxable when there is no consideration.
Actually it means "without consideration " is import from Related person or from other establishments outside India in course & furtherance of Business.
Hence RCM is applicable.
In term of para 4, of schedule I, Import of services is Taxable when there is no consideration.
Actually it means "without consideration " is import from Related person or from other establishments outside India in course & furtherance of Business.
Hence RCM is applicable.
Recent Threads
- Schedule 112A CSV template
- RNOR status and exemption on RFC account interest
- Upload error for ITR 2 filing after validation
- CCI Forum gets fresh Look ! Share your views
- Presumptive taxation 44AD BLOCK PERIOD
- FORM 27Q FILING
- TDS for Advance Maintenance
- GST on product purchased at MRP
- TDS on Joining Bonus
- How to complete form10E Table details for the year
Related Threads
CAclubindia
