I am a agent of foreign company who supply chemical in India.
I live in Kanpur, Buyer of chemical is in Kanpur, Supplier of Chemical is in foreign.
Company pay me commission on each transaction which is done through me.
Now Query is whether i pay IGST or CGST and SGST under reverse charge mechanism?
Menu
Reverse Charge
Replies (3)
As per Section 13(8) IGST Act (pos location of supplier)
Your services cover under intermediary services. u will charge cgst/sgst
U will issue a Tax invoices for the same
There is no RCM on outward supplies, RCM is on inward supplies
Your services cover under intermediary services. u will charge cgst/sgst
U will issue a Tax invoices for the same
There is no RCM on outward supplies, RCM is on inward supplies
Also i generate Debit Note in favour of foreign company against commission received
But i Issue Debit Note in favour of foreign company for commission
Recent Topic
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
Related Topics
CAclubindia
