Rate of service tax applicable
This query is : Resolved
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.
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%
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