Statutory Compliances for Payment to International Suppliers via Credit Cards

Asha Kanta Sharmapro badge (Manager - Finance & Accounts)   (36355 Points)

24 February 2021  

Hi Experts,

I am curious as to what are the regarding statutory compliance needs to be followed in order for payments being made via Credit Cards to suppliers outside India. Do we need to pay GST on RCM Basis and whats are the compliance required in terms of Income Tax Deductions for the said payments. These are Professional/Technical services provide by foreign clients in India

 

Thanks

Asha Kanta Sharma

ashakantasharma @ gmail.com