Recipient of services from outside india
This query is : Resolved
K.SARAVANAN
(Querist)
29 July 2008
Dear Sir,
we are receiving marketing services for our products from foreign company. i know that it applicable for service tax. but i have doubts in this regard.
pls kindly clarify them..
1) Payment of Service tax thru cenvat credit allowed or not
2) whether new registration for services is required if we already have registration for BAS.
3)what is the rate of tax and which catagories for coverage.
4) we have paid adv payment thru tt on 25.07.08 but not received bill yet from the party. what is the time limit for payment of service tax
we are receiving marketing services for our products from foreign company. i know that it applicable for service tax. but i have doubts in this regard.
pls kindly clarify them..
1) Payment of Service tax thru cenvat credit allowed or not
2) whether new registration for services is required if we already have registration for BAS.
3)what is the rate of tax and which catagories for coverage.
4) we have paid adv payment thru tt on 25.07.08 but not received bill yet from the party. what is the time limit for payment of service tax
Sanjeev Kumar
(Expert)
30 July 2008
1. you are entitled to get the CENVAT credit, for details go thru CENVAT rules
2. no need.
3. current @12.36%
4. your liability on advance.
2. no need.
3. current @12.36%
4. your liability on advance.
K.SARAVANAN
(Querist)
31 July 2008
thank u very much..
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