Good evening everyone!
case 1: A company X (in India) receive
s service for using patent right of company Y (Indonesia) and pays ROYALTY to Y.
case 2: if Company Y (Indian company)
my question wrt to above cases:
^ Is gst applicable on the above nature of service??
^If yes, then what will be the rate of Gst applicable? 12 /18??
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GST ON ROYALTY
Replies (6)
| Originally posted by : Amiit Gupta | ||
 |
Good evening everyone! case 1: A company X (in India) receives service for using patent right of company Y (Indonesia) and pays ROYALTY to Y. case 2: if Company Y (Indian company) my question wrt to above cases: ^ Is gst applicable on the above nature of service?? ^If yes, then what will be the rate of Gst applicable? 12 /18?? |  |
No Tax Rate Given on Royalty.
But It is supply as per GST
so what would be the final conclusion?
kindly elaborate
kindly elaborate
| Originally posted by : Amiit Gupta | ||
|
so what would be the final conclusion? kindly elaborate | |
Final Conclusion is
It is a supply and tax rate is not given for Royalty
Therefore due to this transaction is supply that Rate is Charged 18 % ( Because this service is not specified than 18 % rate Applicable )
All other services not specified elsewhere THAN 18 %
this query is still open.
1. If payment made to Y in Indobesia:
yes its import of services & As per Notification 10 IGST (r) , RCM is to be done @ 18%
2. if Y in India & registered will raise you the Bill for the same
yes its import of services & As per Notification 10 IGST (r) , RCM is to be done @ 18%
2. if Y in India & registered will raise you the Bill for the same
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