Export

Save Share

This query is : Resolved

Vishal Chaturvedi (Querist)
Follow

06 November 2015 I am an individual and have successfully cracked a export deal. I do not have any company incorporated neither I have any kind of export licenses or registrations. To complete my transaction I have taken help of my friend's Export-Import Company. Now my question is, on what basis can I take my share of profit from the deal? If I take it as commission then will I be liable for service tax? How can I save tax on such transaction? Please help. Thanks!

praveen

praveen (Expert)
Follow

06 November 2015 If u take it as commission u have to pay service tax... I don't see any other option for u take the profits.. More over ur friend might have to deduct tds as well https://m.facebook.com/missingentry/

Vishal Chaturvedi

Vishal Chaturvedi (Querist)
Follow

06 November 2015 Will my friend get credit of service tax that I charge to him? Or rebate/refund, if any?

praveen

praveen (Expert)
Follow

06 November 2015 He will get credit of service tax. Only if he is also having some service or excise duty other wise it will go down as expenditure. There is a possibility of getting refund also since it is related to exports.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now