Foreign remmitancs taxability
This query is : Resolved
04 August 2015
can anyone pls tell me that whether foreign remittance is taxable under service tax.
Amol S Joglekar
(Expert)
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.
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
(Expert)
04 August 2015
Any charges collected towards remittance i.e. conversion charges and commission for remittance is liable for service tax.
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
(Expert)
05 August 2015
The service is taxable in India.
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Amol S Joglekar
(Expert)
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.
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
(Expert)
05 August 2015
See place of provision of service rule 9(C).
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