We received certain services from our overseas group company related with HR and Insurance.
Our group company has raised invoice on us in foreign currency.
My question is whether Tds and GST under RCM is applicable while we account for this invoices in our books.
please advise.
2 Replies
Bindu
(CA Final Student)
(112 Points)
Replied 18 March 2024
The location of the supplier of service being outside India and that of the recipient being in India, place of supply(POS) is to be determined as per Section 13 of the IGST Act. The said supply is not covered under sub-sections (3) to(13) and therefore POS is location of the recipient i. e in India. Hence GST under RCM is applicable on import of services from overseas group company
Recent Topics
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
Related Threads
CAclubindia
