Urgent and Important: Online advertising services on Internet Availed by registered entity
Tejas shah (Sweeper) (163 Points)
30 June 2021Our company who is registered under GST, had availed online advertising services over the internet on various popular social media websites for promotion of their products between Jul 17 to Mar 19.
One of the supplier of the services had it's registered office in place outside India and used to draw invoice on us in foreign currency, with that registered office address which was located outside India.
Is My company required to pay any GST ???
At what rate GST has to be paid and under what GST provision it has to be paid ?
What if, we have not made payment till date ? What are it's consequences and remedies ??
Please revert it's urgent and important...