RCM rules for Online Software Licenses (Import)

1) Yes you need to pay RCM @18% on such import of services. You can claim ITC on paid basis only. 

2) ITC is shown and claimed in GSTR-3B only and not in GSTR-1. In GSTR-3B, only cumulative figure for the month is shown and not invoice wise. GSTR-1 only shows invoice level detail only and not expenses. Yes you can raise the invoice self but try to get some external document to support the expense under income tax. Document may be payment confirmation, PO confirmation etc.

Take phone consultation for detailed discussion.

Hi

1. Yes, you need to pay GST on reverse charge basis on such import of services. You can claim credit of the taxes paid on RCM.

2. You don't need to submit the invoice details in any of the GST returns; only invoice numbers need to be mentioned in Documents issued in GSTR 1.

Dear Sir,

Hope you are doing well !!

1. Yes, you need to pay GST on reverse charge basis.

However, you can claim credit for the same.

2.You need to mention only GST invoice numbers in GSTR 1.

There is no need to submit the invoice details in GST returns.

We may assist you in GST filings & compliances.

It is advisable to take a phone consultation for detailed discussion.

Yes you have to pay GST on same under RCM and claim ITC of same.

Further if you are a company you might even have to deduct TDS on same.

You have to raise self invoice for same and pay GST.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement. You can even book phone consultation for further personal assistance.

Thank you.

Hi

1. Yes you need to pay RCM on these purchase.

& Yes you claim credit for the same.

2. No you don't need to provide invoice wise details.