Itc on royalty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2017
Dear Sir,
We are paying Royalty from Company to individual who is located at USA, here we are raising the bill with GST and we are paying the GST Amount.
my query is whether this GST Paid can be utilised for ITC OR NOT. under which section or any notification.
We are paying Royalty from Company to individual who is located at USA, here we are raising the bill with GST and we are paying the GST Amount.
my query is whether this GST Paid can be utilised for ITC OR NOT. under which section or any notification.
Guest
Guest
(Expert)
19 December 2017
If it is an import of service then you can avail the credit of GST paid.
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