My client is importing some website design from Singapore. The import is only the full designed product (website)he is just delivering the product to India.
It is not a software or not a service.
I need to know 1.Whether service tax is applicable to this transaction?(import of Website design) 2.If service Tax is applicable, what will be the rate of TDS to be deducted (as it is a import)? 3.If the vendor issues us Product Invoice what will be the accounting treatment? if issues a Service Invoice what will be the accounting treatment? 4.Will it be a A1 or A2 transaction for payment through bank.
26 March 2012
Provided that the exemption shall be available only if the Research and Development Cess is paid at the time or before the payment for the service.