Gst applicable or not

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Hi sir

any private limited company received commission above 25 lakhs in dollers.gst applicable or not. how to raise the invoice for foreign customer

Replies (4)
which service u provide ?

Hi Arun,

 

GST will be applicable on reverse charge basis. As GST registration for person paying GST on RCM is mandatory, the company has to get a registration and pay the GST on RCM. 

Thank you very much sir, but invoice raise or not to foreign customers

Just for clarification. If you are providing service and receiving comission, since the amount is more than 20 lakhs, you have to register under GST and issue GST invoice. RCM compes into play when you are paying for the service imported.

So I think I was wrong earlier. In this case RCM will not apply. Since you are receiving the comission, you have to issue GST invoice.


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