APPLICABILTY OF THE IGST ON IMPORT OF SOFTWARE, Goods and Services Tax - GST

[GVSSR shankar]

Dear Sir,

if the Importer got the Software through cloud and the same is claimed in followed shipment invoice. since it is non physical item at the time of the import. what is the GST Notification for such item to claim as the imported item.

Posts / Replies

[Alkesh Jani]

Sir,

In this regards, my point of view is that Software is falling under HSN Code 997331. It is import of Service. However, No Bill of Entry can be filed in case of services, You are required to pay IGST under RCM basis, as per Sl.No.1 of Notification No.10/2017-IT (Rate) dated 28.06.2017 (as amended from time to time). You can show this under RCM in GSTR-1.

As you are eligible of ITC you can show the same at Table 4 (A) (2) of GSTR-3B.

Our experts may correct me if mistaken.

Thanks,

With regards

[KASTURI SETHI]

I support the views of Sh.Alkesh Jani Ji.

[DR.MARIAPPAN GOVINDARAJAN]

Shri Alkesh is correct in his advice.