Praveen Kumar (Intern) (24 Points)
25 November 2011Hi this is Praveen,
Kindly help me in the following areas of Import of services,
1.Can Importer of services pay Service tax on Import of services and service tax provided by him to service recipient by single challan.
2.While calculating the service tax on imports Which date(i.e..date of invoice or date completion of service) he has to consider for applying the exchange rate.
3.And the above date will differ if he deals with any related parties.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 26 November 2011
single chalan might be ok but use account code for each category. Exchange rate on bill date might be ok. Deal with related part makes no difference now.
Ganesh
(CA)
(111 Points)
Replied 27 November 2011
Dear Praveen,
In case of import of service from an associated enterprise, Service Tax becomes due on credit of the service amount to the Service Provider's account or payment to the Service provider, whichever is earlier.
Thanks,
Ganesh
CAclubindia
