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Gst issues in software import

Vignesh (Finance executive) (256 Points)

22 March 2018

We Are Giotechnical consulting Service providers.Now we are importng software from germany.please share gst issues in importing of software.

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4 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 22 March 2018

IGST to be charged on RCM basis

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Vignesh (Finance executive) (256 Points)
Replied 23 March 2018

thank you Sir

RAMESH KUMAR SINGLA (PROFESSIONAL) (1777 Points)
Replied 23 March 2018

The supply (import in your case) of software is deemed supply of service and has to be subjected to GST as service even if the software is imported on a medium. You pay the IGST and compensation cess at the applicable rate. The place of supply is the location of business place of the importer. Further supply of software will attract IGST/ CGST as per law depending on place of supply and as to whether the supply is inter-state or intra-state. you would be eligible to take credit of the tax paid if the software is intended to be used for business or in furtherance of business.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 March 2018

Development of software is fall under the service

software in physical form (ready made) falls under teriff act under HSN code 85238020 , so it's goods

@ Raja sir is correct it's fall under goods
& no TDs is to be deducted