applicability of service tax on commission received from abr
This query is : Resolved
29 July 2009
Dear SHRI CA.BHARAT BHUSAN
Commission income is chargeble to Service Tax under "Business Auxiliary Services" if you are doing any work in India for which you are receiving commission then it will be Taxable services in India.
You can not also claim the benefit of Export of Services...b'coz the proceeds are not received in foreign exchange.
If the procdeeds are received in Foreign Exchange then it will lible for Service Tax or exemption.
CA. SURENDRA GANDHI
Commission income is chargeble to Service Tax under "Business Auxiliary Services" if you are doing any work in India for which you are receiving commission then it will be Taxable services in India.
You can not also claim the benefit of Export of Services...b'coz the proceeds are not received in foreign exchange.
If the procdeeds are received in Foreign Exchange then it will lible for Service Tax or exemption.
CA. SURENDRA GANDHI
29 July 2009
As far as you are concerned you need not pay out service tax because you are providing to a person outside india and amount is received in foreign exchange.
But you should also go through import of services and if that service falls under the rules import of service as a service provider you have to collect tax from your customer and pay to the government.
But you should also go through import of services and if that service falls under the rules import of service as a service provider you have to collect tax from your customer and pay to the government.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Transporter Declaration form
- E-Invoice applicability for new Startup
- Filing of MSME 1 form by companies
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
