Import of Service
This query is : Resolved
25 April 2009
Company X is a foreign company provides service to Indian Company Y with the help of another Indian Company Z. AS per Section 66A it is liability of Company Y to pay service tax on behalf of Company X. Also Company Z would be charging service tax on Company X for its services. Whether Company Y can adjust this service tax as charged by company Z while paying service tax on behalf of Company X ?
26 April 2009
The service tax which you have to pay on import of service has to be paid to the government account. You cannot adjust against your available service tax credit.
However the amount paid by you is eligible for input service tax credit which can be adjusted against your sale or any servie provided as a seller or service provider.
However the amount paid by you is eligible for input service tax credit which can be adjusted against your sale or any servie provided as a seller or service provider.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- Multiple trade mark
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
