assessee pays charges to Foreign media company for showing advertisement on their channel in foreign country. whether such subscription / advertisement charges paid is liable for GST under Import of Service ??
If answer is Liable, and Assessee now pays GST on such Import of Service in 2019-20, can he avail the Cenvat Credit for the same after payment in 2019-20.
Are Advertisement Charges to Foreign Media Companies Subject to GST as Import of Service? Cenvat Credit Debate Continues. An individual inquired whether charges paid to a foreign media company for advertisements are subject to GST under Import of Service and if GST paid on such imports in 2019-20 allows for Cenvat Credit. One response indicated the issue was repetitive, while another mentioned hearing that credit is allowed but lacked a source. A third response agreed with views shared by another participant in a previous discussion. (AI Summary)
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