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TMI BlogImport and sale of softwareX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ(UK) is a parent company of PQR (India). XYZ has developed a software (Blue Box) which is cloud base software. XYZ will give this software to PQR without any charge. PQR will be selling this softwa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re in India to customers. PQR would also provide the hardware s which will be procured from vendors within India and will be supplied to customers. Customer can subscribe the software and use it for p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... umps operations, maintenance, repairs. 1) Is PQR liable to pay GST on the software procured from XYZ on FOC basis since XYZ PQR are related? 2) What is the rate of GST for this software? - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Praveen Maheshwari - The Reply = YES..Its import of services since place of supply is in India and since supply between related persons, Open market value needs to be ascertained by PQR limited for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... paying GST under RCM. If ITC Available to PQR Limited then Value shown on Invoice by XYZ will deemed to be open market value. - Reply By KASTURI SETHI - The Reply = I endorse the views of Sh.Parvee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Maheshwari Ji. - Import and sale of software - Query Started By: - Kaustubh Karandikar Dated:- 4-6-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by 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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