Applicability of service tax
This query is : Resolved
15 April 2015
Dear Sir I am engineering Service provider located in Mumbai i wanted to know if i provide any engineering services to Indian company in Singapore bound vessel in Singapore by giving contract to any Singapore base company is there any service tax chargeable on me. and if i pay any service charges to Singapore base company for taking services for this vessel then what will be tax implication on me.
15 April 2015
what exact services are you providing?
17 April 2015
yes if you are exporting service then as per reverse charge mechanism u need to register and pay service tax.
17 April 2015
Thanks sir
but what about if hand over such job to singapore based contractor and pay such contractor in foreign currency should i required to deduct tax or pay service tax on this payment.
but what about if hand over such job to singapore based contractor and pay such contractor in foreign currency should i required to deduct tax or pay service tax on this payment.
17 April 2015
once u pay to them for job work then sec 195 shall be attracted for tds and for service tax still when u recieve the consideration from them even after this adjustments still it will be taxable as export of service
17 April 2015
you are welcome sameer..............
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