GST ON IMPORT OF SOFTWARE

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..... GST ON IMPORT OF SOFTWARE
Query (Issue) Started By: - CABIJENDERKUMAR BANSAL Dated:- 8-8-2020 Last Reply Date:- 12-8-2020 Goods and Services Tax - GST
Got 6 Replies
GST
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 B .....

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..... y 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 (Authorized 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 .....

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..... 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 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 recei .....

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..... ved 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 this 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 .....

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..... much. Reply By KASTURI SETHI: The Reply: Read 'often' correct word. Reply By YAGAY andSUN: The Reply: Thanks. Reply 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.
Discussion Forum - Knowledge Sharing .....

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