import of service, Goods and Services Tax - GST

[SHARAD ANADA]

IF A REGISTERED TAXABLE PERSON MAKE PAYMENT TO FOREIGN MAGAZINE FOR PUBLICATION OF HIS INDIAN PRODUCT ADVERTISEMENT OVER THERE CAN IT BE CONSIDERED AS IMPORT OF SERVICE AND LIABLE TO RCM ?

Posts / Replies

[KASTURI SETHI]

Dear Sh.Sharad Anada Ji,

In my view, it is import of service and RCM is applicable as this activity is covered under Section 2(11) of IGST Act. Place of supply is covered under Section 13 (2) and RCM is applicable at Serial No. 1 of Notification No.10/17-IT (Rate) dated 28.6.17 as amended.

[Ganeshan Kalyani]

Subscription of foreign magazine is an import of service. GST is payable under reverse charge basis.