Rate of service tax applicable
This query is : Resolved
sripad .c.s.
(Querist)
03 November 2014
An Indian firm receives a work order on Advertising services from
foreign company and outsources the same work to indian company.
Whether Indian firm should bear the service tax on payment to indian company for which it has outsourced and at what rate of service tax it should pay.??
But the income for the indian firm will be received in foreign currency for the work order it has received from the foreign company.
foreign company and outsources the same work to indian company.
Whether Indian firm should bear the service tax on payment to indian company for which it has outsourced and at what rate of service tax it should pay.??
But the income for the indian firm will be received in foreign currency for the work order it has received from the foreign company.
CA Parul Saxena
(Expert)
03 November 2014
yes indian co. is supposed to pay service tax charged on billby the co. which has taken work on outsourcing.Income received from foreign co. is exempted from tax.Rate of service tax is 12.36%
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
