Billing and Service Tax
This query is : Resolved
07 May 2009
Dear Sir,
We are to provide laiason and logistic support services for a foreign company.
a) Can we raise an invoice in USD to the foreign company.
b) Is service Tax @ 10.3% applicable.
Regards
S. Anand
We are to provide laiason and logistic support services for a foreign company.
a) Can we raise an invoice in USD to the foreign company.
b) Is service Tax @ 10.3% applicable.
Regards
S. Anand
07 May 2009
a) Yes.
b) If such services are provided from India and used outside India AND payment of such services are received by the service provider in convertible foreign exchange then such services are called EXPORT OF SERVICES. Accordingly, if your case satisfies the above conditions,being an export of service you may export without charging/paying service tax.
b) If such services are provided from India and used outside India AND payment of such services are received by the service provider in convertible foreign exchange then such services are called EXPORT OF SERVICES. Accordingly, if your case satisfies the above conditions,being an export of service you may export without charging/paying service tax.
08 May 2009
Dear Sir,
Thank you very much.
to put in a more elaborate manner:
a) We are entering into an commission agreement with a foreign company X.
b) X Company which out of country has to supply certain materials for the purpose of installation to Y company in india.
c) We are to take care of support services regarding logistics, payment, etc... on behalf of X company in india.
d) Invoice will be raised on X Company by us.
MY QUERIES ARE:
1) Can we raise the invoice in Foreign currency.
2) Is service tax applicable.
3) Will X company deduct tax and pay the balance while remitting the amount to us.
Regards
S. Anand
Thank you very much.
to put in a more elaborate manner:
a) We are entering into an commission agreement with a foreign company X.
b) X Company which out of country has to supply certain materials for the purpose of installation to Y company in india.
c) We are to take care of support services regarding logistics, payment, etc... on behalf of X company in india.
d) Invoice will be raised on X Company by us.
MY QUERIES ARE:
1) Can we raise the invoice in Foreign currency.
2) Is service tax applicable.
3) Will X company deduct tax and pay the balance while remitting the amount to us.
Regards
S. Anand
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
