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Rcm refund

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ADVOCATE
33 Points Posted on 16 April 2021
A gst registered in india doing business of online advertising space. B non resident india received money from A for software/platform rent.
weather In gst A is liable to pay RCM?
if RCM paid under this, then A is liable for refund of that RCM or not.?
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On 16 April 2021 at 18:47 Report
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GST Consultant
15986 Points Posted on 16 April 2021
RCM payable if it is import of services.
ITC will be available
55 Reply
On 16 April 2021 at 23:41
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ADVOCATE
33 Points Posted on 17 April 2021
In this case import/export zero rated then the rcm paid igst, that was unutilized. so that amount of igst can be refundable or not.
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On 17 April 2021 at 09:01
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GST Consultant
15986 Points Posted on 17 April 2021

If you are exporting goods or services then such itc is refundable otherwise it is not.

55 Reply
On 17 April 2021 at 09:09
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ADVOCATE
33 Points Posted on 17 April 2021
Online advertising space service
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On 17 April 2021 at 09:22
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GST Consultant
15986 Points Posted on 17 April 2021

Do you export services? If yes then you can claim refund in proportion to your export turnover

55 Reply
On 17 April 2021 at 09:31
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ADVOCATE
33 Points Posted on 17 April 2021
Yes. export of online advertising space service,
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On 17 April 2021 at 09:35
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GST Consultant
15986 Points Posted on 17 April 2021

Then you can claim refund

55 Reply
On 17 April 2021 at 11:27


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