Accounting and service tax
This query is : Resolved
15 December 2012
Please clarify my doubts.........
Holding company in china having subsidiary in chennai have following transaction
1. Holding company had agreement with his client in Chennai.
2. Holding company transfer goods to Chennai Subsidiary company(Import).
3. Then subsidiary company transfer the goods to Client in chennai.
4. How to account this transaction in Chennai(S) company.
5. Is Service Tax provision applicable or not??
Holding company in china having subsidiary in chennai have following transaction
1. Holding company had agreement with his client in Chennai.
2. Holding company transfer goods to Chennai Subsidiary company(Import).
3. Then subsidiary company transfer the goods to Client in chennai.
4. How to account this transaction in Chennai(S) company.
5. Is Service Tax provision applicable or not??
16 December 2012
Hi Hemalatha,
If the Holding company is paying commission to Subsy company for sale of goods then the commission on sale of goods is not taxable as per Rule 03 of Place of provision of service rules, 2012 and called the export of service.
Thanks
If the Holding company is paying commission to Subsy company for sale of goods then the commission on sale of goods is not taxable as per Rule 03 of Place of provision of service rules, 2012 and called the export of service.
Thanks
28 December 2012
Thanks you
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