Goods and Services Tax – Started By: – Prakash Gupta – Dated:- 7-10-2017 Last Replied Date:- 16-8-2018 – Dear experts required your view on below mentioned query :A Company Secretary firm registered in India, incorporated a pvt ltd company for its foreign clients in India . The CS firm raised bill of consultancy fees directly to foreign client and received the same in convertible foreign exchange. Now whether, receipts of CS firm will be subject to GST ? – Reply By Rajagopalan Ranganathan – The Reply = Sir,You have not indicated the place of supply of service. If it is India (taxable territory) then gst is payable though consultancy fees are received in convertible foreign currency. If the place of supply is out side taxable territory (Ind
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Thank you Rajgopalan and Kasturi Seth Ji,Further, explanation to my query is as under,The company has been incorporated in India, say A Pvt Ltd, subsidiary of A Inc. Holding Company (A Inc) is US based. Professional fees invoice has been raised to A Inc (situated in USA). So, I am also not clear about place of the supply in this scenario. Please through some light on place of the supply in this scenario and applicability of the GST, with reference to relevant portion of the Act. – Reply By ShankarRatan Banerjee – The Reply = Question regarding GST and Taxation to be applied before making payment to a foreign company.Sir, I have a One Person Company located in Indian at West Bengal. I will take 'Service' from a foreign company and w
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =