https://www.taxtmi.com/circulars?id=71125 Import of services from a foreign related person is treated as a supply even without consideration and is taxable in the hands of the Indian registered recipient under reverse charge, requiring self-invoicing. Where the Indian recipient is eligible for full input tax credit, the value declared in its invoice is deemed to be open market value. This treatment applies to related-party imports of services, and where no invoice is issued for a service received from a foreign affiliate, the value may be treated as nil and deemed to be open market value. en-us Fri, 12 Jul 2024 00:00:00 +0530 Wed, 02 Sep 2026 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71125 Import of services from a foreign related person is treated as a supply even without consideration and is taxable in the hands of the Indian registered recipient under reverse charge, requiring self-invoicing. Where the Indian recipient is eligible for full input tax credit, the value declared in its invoice is deemed to be open market value. This treatment applies to related-party imports of services, and where no invoice is issued for a service received from a foreign affiliate, the value may be treated as nil and deemed to be open market value. Circulars GST - States Fri, 12 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71125