TDS under GST on Import Transactions
Query (Issue) Started By: – Ashok Swain Dated:- 20-9-2018 Last Reply Date:- 21-9-2018 Goods and Services Tax – GST
Got 4 Replies
GST
Dear Experts,
\nKindly clarify whether TDS under GST has to be deducted from the payments made to foreign supplier on a\/c of import of goods. The location of foreign supplier is outside India but the place of supply is within India. But as per Section 51 of CGST Act, no deduction shall be made if the location of the supplier and the place of supply is in a State which is different from the State of registration of the recipient. Also, the foreign supplier will not have any GSTIN and hence there is no scope for him to get the refund through elcetronic cash ledger<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n lkar: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" TDS under GST on Import Transactions Query (Issue) Started By: – Ashok Swain Dated:- 20-9-2018 Last Reply Date:- 21-9-2018 Goods and Services Tax – GSTGot 4 RepliesGSTDear Experts, Kindly clarify whether TDS under GST has to be deducted from the payments made to foreign supplier on a\/c of import of goods. The location of foreign … Continue reading “TDS under GST on Import Transactions”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13867","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13867"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13867\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nThe Reply:
\nAs per section 17(3) of the CGST Act
\n(3) The value of exempt supply under sub-section (2) shall be such as may be prescribed, and shall include supplies on which the recipient is liable to pay tax on reverse charge basis, transactions in securities, sale of land and, subject to clause (b) of paragraph 5 of Schedule II, sale of building.
\nThus in respect of the supplier every supplies attracting RCM is exempt supplies.
\nAs the recipient of the supplies couldn't deduct tax on exempt supplies..
\nThere is no question on deducting Tax on Import or supplies on which the tax is paid on RCM basis
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nYou are not required to recover tax under GST.
\nReply By Ashok Swain:
\nThe Reply:\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n