Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×
Home > Experts > Service Tax > Service Tax on License Fee


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Service Tax on License Fee (Service Tax)

Report Abuse
This query is : Open



( Author )
27 November 2008

Dear Expert,

I working as an accountant in 'Information Technology Software" Co.
Our Co. entered into a contract with U.S.A based Co.for supply of Cheque Truncation System (CTS) Solutions which our Co.sells in India.
We are making Payment under the contract was bifurcated under three parts viz..,
1.License Fee
2.Service Fee
3.Support Fee
Our Co. has been registered with Service Tax Department for two services viz.., Business Support Service & Management Maintenance & Repair Service. Company has been filling return under above mentioned services one as service provider & other as service receiver liable to service tax.
In case of service receiver Company has paid Service Tax for Rs 30.75 Lakhs in 2006-07. Company has been claiming set-off for the amount paid against it liability.
My Query is
1.Whether Company is liable to pay Service Tax?
2.Whether Company can claim refund for Service Tax Paid.
3.Whether Company needs to pay service tax for payment in current year?

Kindly solve my query as i want to make payment in the current year.


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :








submit










Quick Links





back to the top