Commission on Sale
This query is : Resolved
04 March 2009
Hi All
We are pune based oompany. We want to raise sales invoice as COMMISSION ON SALE on one of our group company who situated o/s India.
My question is whether we are liable to raise service tax in the Sales Invoice ?
Because as per Rule 4 of Export of Services under service tax act, some exemption is granted for similar type of situation
Kindly advise
Thanks
Amit
Hi All
We are pune based oompany. We want to raise sales invoice as COMMISSION ON SALE on one of our group company who situated o/s India.
My question is whether we are liable to raise service tax in the Sales Invoice ?
Because as per Rule 4 of Export of Services under service tax act, some exemption is granted for similar type of situation
Kindly advise
Thanks
Amit
05 April 2009
You have not clarified the transaction, whether you have procured orders for sale for your group co o/s india and the supply has been made from your group company o/s india.
If such is the case it is treated as export since service was used outside India provided from india.
The payment has to be received in FE
You may evaluate your transaction , or provide more details on the transaction
If such is the case it is treated as export since service was used outside India provided from india.
The payment has to be received in FE
You may evaluate your transaction , or provide more details on the transaction
06 April 2009
It is an export of service, exempted from payment of service tax.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
