Import and sale of software

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..... Import and sale of software
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 4-6-2019 Last Reply Date:- 7-6-2019 Goods and Services Tax - GST
Got 2 Replies
GST
XYZ(UK) is a parent .....

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..... 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 software in India to custo .....

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..... mers. 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 pumps operations, mai .....

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..... ntenance, 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 Praveen Maheshwari: T .....

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..... he 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 paying GST under RCM. I .....

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..... f 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.Parveen Maheshwari Ji.
Discuss .....

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..... ion Forum - Knowledge Sharing .....

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