https://www.taxtmi.com/forum/issue?id=118462 Whether an Indian importer must pay GST under the Reverse Charge Mechanism on bank charges deducted by a foreign bank is disputed. One opinion recommends paying reverse charge and claiming input tax credit; another holds no GST is due because the foreign bank did not supply services to the Indian importer for RCM purposes. The issue also engages customs and IGST valuation and how the importer should account for the charge-as part of the goods' value or a separate expense. en-us Sat, 01 Apr 2023 19:37:17 +0530 Thu, 23 Jan 2025 15:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118462 Whether an Indian importer must pay GST under the Reverse Charge Mechanism on bank charges deducted by a foreign bank is disputed. One opinion recommends paying reverse charge and claiming input tax credit; another holds no GST is due because the foreign bank did not supply services to the Indian importer for RCM purposes. The issue also engages customs and IGST valuation and how the importer should account for the charge-as part of the goods' value or a separate expense. Discussion-Forum GST Sat, 01 Apr 2023 19:37:17 +0530 https://www.taxtmi.com/forum/issue?id=118462