M Agarwal (Consultant) (228 Points)
12 January 2018For Import of Service, we need to submit GST on reverse charge. Then we do export of service with LUT. How do we claim refund with the GST on reverse charge, and what forms do we need to fill them in?
Thanks
Bhoop Singh
(2 Points)
Replied 12 January 2018
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 12 January 2018
| Originally posted by : M Agarwal | ||
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For Import of Service, we need to submit GST on reverse charge. Then we do export of service with LUT. How do we claim refund with the GST on reverse charge, and what forms do we need to fill them in? Thanks |
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Hi Agarwal,
Whenever you have imported service at the time you need to pay IGST @ 18%.the same you can adjust with ITC in next month.
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 12 January 2018
you can adjust ITC with liability in next month whatever you will be paid on import service under RCM
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 12 January 2018
RCM is applicable to Service Exporters. Under the present scheme, you pay the GST on Reverse charge IF APPLICABLE based on where the place of supply is as per section 13 of the IGST Act. Go for refund by filing manual claims.
Note; Service provided and consumed outside India would not be liable even though payment made from India.
Services provided from outside India where the POS is location of supplier ( Illustration- Sec- 13(8) a) Banking or financial services b) Intermediary ( agent) c) Hiring transport upto a period of 1 month.- In all these cases though the service is received in India it would not be liable for RCM due to POS.
Similarly one would require to go thru all the sub sections to sec 13.
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 12 January 2018
| Originally posted by : Madhukar N Hiregange | ||
|
RCM is applicable to Service Exporters. Under the present scheme, you pay the GST on Reverse charge IF APPLICABLE based on where the place of supply is as per section 13 of the IGST Act. Go for refund by filing manual claims. Note; Service provided and consumed outside India would not be liable even though payment made from India. Services provided from outside India where the POS is location of supplier ( Illustration- Sec- 13(8) a) Banking or financial services b) Intermediary ( agent) c) Hiring transport upto a period of 1 month.- In all these cases though the service is received in India it would not be liable for RCM due to POS. Similarly one would require to go thru all the sub sections to sec 13. |
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Hi Sir,
We can submit LUT for export service then RCM is not applicable
rama chandra dorai malla
(2 Points)
Replied 12 January 2018
| Originally posted by : manu kumar rana | ||
|
Originally posted by : Madhukar N Hiregange RCM is applicable to Service Exporters. Under the present scheme, you pay the GST on Reverse charge IF APPLICABLE based on where the place of supply is as per section 13 of the IGST Act. Go for refund by filing manual claims. Note; Service provided and consumed outside India would not be liable even though payment made from India. Services provided from outside India where the POS is location of supplier ( Illustration- Sec- 13(8) a) Banking or financial services b) Intermediary ( agent) c) Hiring transport upto a period of 1 month.- In all these cases though the service is received in India it would not be liable for RCM due to POS. Similarly one would require to go thru all the sub sections to sec 13. Hi Sir, We can submit LUT for export service then RCM is not applicable |
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Hi,
LUT is submitted for export of services without payment of GST. LUT has no bearing on the GST payable on import of services.
Regards,
Ram
CAclubindia
