Is GST applicable on taking consultancy from a company based outside India?

This query is : Resolved

MUSTAFA KANORWALA (Querist)
Follow

06 October 2021 Dear,

Is GST applicable for my self proprietorship firm as I have taken consultancy from a Education consultancy firm outside India? How much %GST is applicable and how do I pay it? The invoice sent to me is for eg 1000$ from outside India, what would be the GST applicable and other taxes for me to pay this to the company?

Can I get a refund on this GST in India? If so, how can I get a refund back?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

06 October 2021 GST payable under RCM for this service if you are a GST registraterd person. Claim ITC on the GST paid under RCM.

Udaya Chandran

Udaya Chandran (Expert)
Follow

06 October 2021 Your service under RCM. You need to get yourself registered and issue self invoice/payment voucher and pay GST under RCM to the government directly. GST @ 18% shall be applicable. Refund is not available. However, if you continue to receive such service and be liable to pay GST, you can avail ITC on RCM paid.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now