Import of service
This query is : Resolved
19 May 2018
We are the Advertising Clip making production house - if suppose we decide to give contract to foreigner to make / design/ organised the advertising clip with consideration outside India. He does the same in the presence of Our and hand over to us the advertising clip to us Outside India. We save it on hard disk and come with this In India. After arrival in India We make changes and sale the final advertisement clip to the Company .
My Question is whether in the above case the transaction will be considered as Deemed Import of Service and have to pay IGST. Secondly we have to deduction TDS under Income Tax U/S 195.
My Question is whether in the above case the transaction will be considered as Deemed Import of Service and have to pay IGST. Secondly we have to deduction TDS under Income Tax U/S 195.
CA R SEETHARAMAN
(Expert)
19 May 2018
Yes it will fall under import of services and IGST payable under RCM. 10% TDS applicable u/s 195 under fees for technical services.
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