Reverse charge applicablity
This query is : Resolved
12 March 2020
Taxpayer has received commission in $ from Foreign company against meeting the sales target. Taxpayer already has LUT. Do the taxpayer require to pay IGST on reverse charge basis on the payment received?
12 March 2020
RCM Liability will arise only on our expenses and not our income.
12 March 2020
Here it's forward charge.
The intermediary can charge CGST and SGST on the commission amount in the invoice raised to the foreign company (supplier of goods).
The intermediary can charge CGST and SGST on the commission amount in the invoice raised to the foreign company (supplier of goods).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- GST rate for millets.
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
