Reverse Charge Mechanism (RCM) - services of Underwriters ...
Reverse Charge Mechanism applies to foreign underwriter services; not taxable in India, relevant for USA, Canada, Japan.
January 30, 2018
Case Laws Service Tax AT
Reverse Charge Mechanism (RCM) - services of Underwriters received from outside India - ADS offering is not applicable for sale in India, but only to other select jurisdictions like the United States of America, Canada, Japan etc. - the impugned services availed of by the appellant not having been performed partly or wholly in India - Services are not taxable - AT
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