How to do accounting of call center
Querist : Anonymous
if a company is providing tech. support to usa( its a call center) and getting paid in dollar amount by the service reciever. but due to export of service no s.tax applies,
so please help me for the accounting entry in this whole procedure.
for eg: if i sale anti virus and other services for $1000 then what will be the entry.
please help
thank u
credit sales (anti virus)
credit sales(export of service)
The billing is made in USD. So make the entry in INR in your books at the rate prevailing on that date.
When the money is received through remittance
Debit Bank
Credit Debtor(USA company)
the difference will be gain/loss on translation
Querist : Anonymous
one more thing if i as a company registered in india pvt ltd giving service to usa( technical services) like people call us from usa for tech support and we provide servite to them .. so my question is is this cover under service tax or not.
as i know export of service is not liable for s.tax.
thank u
As per these rules,
Rule 9. Place of provision of specified services.-
The place of provision of following services shall be the location of the service provider:-
(a) Services provided by a banking company, or a financial institution, or a non-banking financial company, to account holders;
(b) Online information and database access or retrieval services;
(c) Intermediary services;
(d) Service consisting of hiring of means of transport, upto a period of one month.
You are hit by rule 9(b)
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