RCM on Import of Services

337 views
User Avatar

Articles
52 Points Posted on 23 October 2020
We are taking cloud services and advertisement services from outside India.

Can any one tell me provisions relating to RCM on the above services
0 Reply Share Follow
On 23 October 2020 at 18:14 Report
Replies (3)
Quick Summary
This discussion clarifies the Reverse Charge Mechanism (RCM) applicable to imported services such as cloud and advertisement services brought into India. As per Section 7 of the CGST Act and Notification 10/2017-IT(R), GST is payable under RCM for these services. The conversation also touches upon the potential refundability of RCM paid.

User Avatar

26 Points Posted on 23 October 2020
Yes as per it is covered under section 7 of CGST Act and tax to be paid under reverse charge.
Reply
On 23 October 2020 at 21:37
User Avatar

Chartered Accountant in Practice
1260 Points Posted on 24 October 2020
Entry 1 of notifications 10/2017-IT(R) requires payment of GST under reverse charge
Reply
On 24 October 2020 at 11:41
User Avatar

ADVOCATE
33 Points Posted on 16 April 2021
That rcm paid can be refundable or not
Reply
On 16 April 2021 at 18:00

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Subject: Can I Apply for Fresh GST Registration on
  2. Additional place in GST RC
  3. Company 3 months old, INC-20A not filed, all 3 of
  4. How do I choose the Best GST Lawyers in New Delhi
  5. Loss on sale of residential flat after indexing al
  6. Short Deduction
  7. Large mismatch between AIS Business Receipts and G
  8. Income tax on Australian Stipendiary Steward on 3
  9. INCOME TAX SECTION 92E
  10. Queries on Tax Invoice and GST

More recent discussions | Post

Related Topics :

Loading