Foreign remmitancs taxability

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karan

karan (Querist)
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04 August 2015 can anyone pls tell me that whether foreign remittance is taxable under service tax.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 August 2015 Inward or Outward remittance?

For service tax, you need to refer the PoPS viz Place of Providing Service Rules. Accordingly the same is decided to taxable or not. Please share the nature of transaction to decide whether or not the same is taxable.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2015 Any charges collected towards remittance i.e. conversion charges and commission for remittance is liable for service tax.

karan

karan (Querist)
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05 August 2015 Service is of comission agent, acting as an intermediary between Indian vendor and foreign buyer. Gettinh comission from Indian vendor by supplying his goods outside India

Amol S Joglekar

Amol S Joglekar (Expert)
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05 August 2015 The service is taxable in India.
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karan

karan (Querist)
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05 August 2015 Sir can u pls explain how....

Amol S Joglekar

Amol S Joglekar (Expert)
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05 August 2015 that is why I told you to go through PoPS.. Place of providing service.

From the facts of the case, it looks as if the person is providing service to Indian vendor and hence taxable in India.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 August 2015 See place of provision of service rule 9(C).

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