TMI BlogGST ON IMPORT OF SOFTWAREX X X X Extracts X X X X X X X X Extracts X X X X ..... we would like to import software from portugul ,pl note this software will be installed on line ,what r duty ,GST and Other taxes applicable and how to make payments of foreign invoices for soft ware pl advise - Reply By YAGAY andSUN - The Reply = Online purchase and installation of software will be treated services, and accordingly GST will be applicable. Form A2 of RBI through you banker (Auth ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orized Dealer) will be submitted along with commercial invoice, PO and CA Certificate for making foreign payments. You would have to inform Customs Department in this regard. - Reply By YAGAY andSUN - The Reply = RBI Master Direction RBI/FED/2016-17/12 FED Master Direction No. 17/2016-17 January 1, 2016 (Updated as on February 02, 2018) C.7.3. Non-physical Imports (i) Where imports ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are made in non-physical form, i.e., software or data through internet / datacom channels and drawings and designs through e-mail / fax, a certificate from a Chartered Accountant that the software / data / drawing/ design has been received by the importer, may be obtained. (ii) AD Category I bank should advise importers to keep Customs Authorities informed of the imports made by them under t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his clause. - Reply By KASTURI SETHI - The Reply = Dea Yagay and Sun, Sir, You have enriched my knowledge also. I have saved your reply as ready recknor on my laptop for future purpose. I ofen receive calls on thiis issue. Thank you very much. - Reply By KASTURI SETHI - The Reply = Read 'often' correct word. - Reply By YAGAY andSUN - The Reply = Thanks. - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Yagay. As correctly told by Shri Sethi it would enrich the knowledge of professionals in GST field. - GST ON IMPORT OF SOFTWARE - Query Started By: - CABIJENDERKUMAR BANSAL Dated:- 8-8-2020 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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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