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TMI BlogGoods and service tax on Advance payment to Overseas SupplierX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir , As per GST Law Tax liability on Advance also . If we give order for procure goods/materials to overseas vendor ( As a Import ) and some amount will pay as a advance , than GST applicable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on advances and who will pay GST ( as per me GST will pay as per reverse charge mechanisam ). Please provide your valuable input sir . Regards, SNEHAL - Reply By MUKUND THAKKAR - The Reply = GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is applicable in case you have received advance in connection of supply of goods or services, In your case you had paid advance for procurement of import goods so GST is not applicable to you unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r RCM. if you paid RCM and material arrived in India in BCD and IGST will be charged by custom. if you paid under RCM than your import duty will be double. first you paid under RCM and time of cle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arance of goods. RCM is not applicable to you against advance for procuring Import Material. - Reply By SNEHAL SHAH - The Reply = Thanks a lot sir for valuable reply . - Goods and service ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x on Advance payment to Overseas Supplier - Query Started By: - SNEHAL SHAH Dated:- 16-6-2017 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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