Import of services
This query is : Resolved
25 September 2012
DEAR ALL
ON WHICH VALUE WE SHOULD PAY SERVICE TAX IN CASE OF IMPORT OF SERVICES,
1) WHETHER ON THE VALUE ON WHICH WE ARE BOOKING THE INVOICE IN FOREIGN CURRENCY TAKING AVERAGE RATE AS DECLARED BY CUSTOMS EVERY MONTH
2) OR ON THE ACTUAL VALUE WHICH WE WILL PAY TO THE FOREIGN PARTY ON DUE DATE OF PAYMENT AS PER SPOT RATE OF FOREIGN CURRENCY AT THE TIME OF PAYMENT.
REGARDS,
GAURAV G BADWE
ON WHICH VALUE WE SHOULD PAY SERVICE TAX IN CASE OF IMPORT OF SERVICES,
1) WHETHER ON THE VALUE ON WHICH WE ARE BOOKING THE INVOICE IN FOREIGN CURRENCY TAKING AVERAGE RATE AS DECLARED BY CUSTOMS EVERY MONTH
2) OR ON THE ACTUAL VALUE WHICH WE WILL PAY TO THE FOREIGN PARTY ON DUE DATE OF PAYMENT AS PER SPOT RATE OF FOREIGN CURRENCY AT THE TIME OF PAYMENT.
REGARDS,
GAURAV G BADWE
25 September 2012
you will pay the service tax on the invoice value.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Relief u/s Section 89
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
