09 February 2010
Dear all, tell me does service tax is attracted on retainership billings done to the party outside india though service is provided in india. should it be charged on to the party or it has to be deposited by the person who is billing????
09 February 2010
Kindly refer Rule 5 of Service Tax (deternination of Value) Rules, 2006.
As per the said rule, all the expenditure incurred will be treated as consideration for taxable services except expenditure incurred as "Pure Agent" of receipient of service receiver.
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