An company maintaining a web site (Network marketing services) in UK and USA name called deal deedy.uk.com., We are getting a various product ( furniture, cloth ) deals form network ( Awin , Brand Review a foreign companies) and paste on our website and any person purchasing the product form our web site than we getting commission form Awin , Brand Review in Foreign Currency .
The Awin and Brand review and foreign company are not related to the a indian company which is maintaining web site in UK and USA.
Whether GST is applicable when amount is received in india by an indian company in convertible foreign exchange. Kindly explain with relevant provisions.
GST Applicability on Foreign Currency Commissions for Indian Intermediaries Under IGST Act, 2017 Sparks Debate An Indian company operating a website in the UK and USA receives commissions in foreign currency from foreign companies like Awin and Brand Review for promoting their products. The query raised concerns the applicability of GST on these commissions received in India. One response referred to a C.B.E. & C. document, while another argued that GST is not applicable for services provided by intermediaries in India to foreign recipients, citing sections of the IGST Act, 2017, and a Bombay High Court judgment. The complexity of the issue suggests that a final resolution may require a Supreme Court decision. (AI Summary)
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