Goods and service tax on Advance payment to Overseas Supplier https://www.taxtmi.com/forum/issue?id=112082 Advance payments for procuring imported goods do not attract GST under the reverse charge mechanism; RCM is not applicable to such advances. Paying tax under RCM before import clearance may result in duplication because customs will levy basic customs duty and IGST at the time of clearance. en-us Fri, 16 Jun 2017 11:23:50 +0530 Thu, 23 Jan 2025 15:55:51 +0530 TaxTMI RSS Generator Goods and service tax on Advance payment to Overseas Supplier https://www.taxtmi.com/forum/issue?id=112082 Advance payments for procuring imported goods do not attract GST under the reverse charge mechanism; RCM is not applicable to such advances. Paying tax under RCM before import clearance may result in duplication because customs will levy basic customs duty and IGST at the time of clearance. Discussion-Forum GST Fri, 16 Jun 2017 11:23:50 +0530 https://www.taxtmi.com/forum/issue?id=112082