Commission received from foreign
This query is : Resolved
30 April 2016
Sir,
A company received commission on sale from outside india.
condition is.
The seller and the buyer both are in abroad company got its commission for sale generation.
so kindly suggest me According to POPS the company is liable to pay service tax on commission recd or not.
Regards,
Deepak Kemni.
A company received commission on sale from outside india.
condition is.
The seller and the buyer both are in abroad company got its commission for sale generation.
so kindly suggest me According to POPS the company is liable to pay service tax on commission recd or not.
Regards,
Deepak Kemni.
CMA Nishad Patkar
(Expert)
30 April 2016
As per Rule 9 of POP Rules Location of Intermediary determines the attraction of service Tax on said services and location of buyer and seller is immaterial. In your case although the buyer and seller are located outside India, it would be taxable as intermediary (i.e.company receiving commission) located in India.
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