https://www.taxtmi.com/forum/issue?id=119554 RCM on foreign bank charges for remittance of export proceeds depends on identifying the service recipient. Indian banks that collect foreign payments and remit proceeds are typically treated as the service recipient and thus liable under RCM, while exporters who do not receive or pay for the foreign bank's service are generally not liable. Liability is determined by factual matrix, contractual allocation and payment flows; obtain bank confirmation and documentation to rebut audit demands. A tribunal order set aside departmental demands and the matter is under further appeal. en-us Thu, 30 Jan 2025 20:52:25 +0530 Sun, 09 Feb 2025 20:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119554 RCM on foreign bank charges for remittance of export proceeds depends on identifying the service recipient. Indian banks that collect foreign payments and remit proceeds are typically treated as the service recipient and thus liable under RCM, while exporters who do not receive or pay for the foreign bank's service are generally not liable. Liability is determined by factual matrix, contractual allocation and payment flows; obtain bank confirmation and documentation to rebut audit demands. A tribunal order set aside departmental demands and the matter is under further appeal. Discussion-Forum GST Thu, 30 Jan 2025 20:52:25 +0530 https://www.taxtmi.com/forum/issue?id=119554