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reverse charge method

This query is : Resolved 

16 November 2009 our company is pvt. ltd. company and online education service provider. We have taken service from outside India for server hire charges and online advertising services. But we have received invoice in $ (dollars). We have to deposit any addition tax liability against import online services from outside India. How we will show in books & service tax return also.

regards,
lalit2

16 November 2009 You have to register with Service Tax Department as recepient of service and pay the tax in India based on the amount you remit.

In India reverse charge mechanism is on most services even if totally incurred abroad if it is used by a business in India.


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