TMI BlogRCM on import of servicesX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Experts, Company is engaged in a business of providing coaching services with respect to courses/degrees offered by foreign institute. facts are as under - 1. Providing coaching for courses offered by foreign institute. 2. For the coaching, It charge fees including GST. 3. One of the aspects of business is, students need to enroll with foreign institute for which they need to pay a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dmission and other fees. 4. For the sake a convenience, company collects the admission/other fees (without GST) from individual students and make the lump sump payment to foreign institute as per the deadlines. once course is completed, foreign institute offers the degree or completion certificate to students. each student has their own login credentials. 5. while making a payment to foreign in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stitute, banks insist for 15CA/CB and hence the same is provided. Now my query is regarding RCM on admission/other fees payable to foreign institute. My understanding with respect to GST - 1. Since foreign institutes are not covered under exemption, fees charged by them may get covered under import of services. 2. Import of services is liable for RCM even for personal transactions. 3. Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any is only acting as pure agent (collecting the fees and remitting abroad). further, services are actually rendered by foreign institute to students (as degree is offered to students) 4. Due to point no 3 above, company is not liable to pay GST under RCM. students are liable in their personal capacity as registration under GST is mandatory in case of liability under RCM. Query - 1. Will d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... epartment insist company to pay GST under RCM 2. if company makes a payment under RCM, will it get the input tax credit for RCM paid. 3. weather my understanding of GST liability on individual student is correct. Kindly through some light on the provisions of the law. - Reply By Shilpi Jain - The Reply = The RCM entry in the IGST notification excludes a non-taxable online recipient. So the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... student may not be liable to GST under RCM. Yes, the admission fee, etc. would not be liable in the hands of the compnay if the pure agent conditions are satisfied. - RCM on import of services - Query Started By: - chetan jadhav Dated:- 2-10-2020 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - 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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