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    GST Registration on Import of Services

    Posted By : Dev / Published on : 01-Feb-2018 10:35 AM / View : 840 / Comment : 1

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    Whether Registration is Mandatory under GST for a Person/Business Entity on Import of Services from a Country outside India, Also whether GST is payable on Reverse Charge @18% due to Service Nature??
    Read more on : services import registration

    • In order to be taxable under GST, the import of services must be for a consideration, irrespective of whether it is used for business purposes.

      Further, In case the import of services is made by a taxable person from a related party or from any of his or her establishments outside India in the furtherance of business, it shall be taxable even if such import is made without paying any consideration.

      If above conditions satisfied, GST will be applicable on Reverse Charge Mechanism and consequently, Registration under GST becomes Mandatory.

      Yes, GST Rate depends upon nature of Services and Rate is notified on the basis of SAC/HSN Code.

      29-07-2018 / 12:22:28 PM
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