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RCM EXPENSES

RCM 557 views 4 replies
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;
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
@ 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.


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