Recipient of services from outside india
This query is : Resolved
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
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.
31 July 2008
thank u very much..
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- LIC maturity claim whether taxable
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
