GST ON IMPORT OF SOFTWARE

[CABIJENDERKUMAR BANSAL]

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

AI Summary

Importing Software from Portugal: GST Applies, Use Form A2 for Payments, Follow RBI Directions for Non-Physical Imports. A user inquired about the applicable duties, GST, and other taxes for importing software from Portugal, which will be installed online, and the process for making foreign payments. The response clarified that such transactions are treated as services subject to GST. It advised submitting Form A2 through an authorized dealer with necessary documentation for foreign payments and informing the Customs Department. Additional guidance referenced RBI directions for non-physical imports, requiring a Chartered Accountant's certificate for receipt confirmation. Participants expressed appreciation for the information, noting its value for professionals dealing with GST.