Service rendered in india to a foreign subsidiary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2015 My query is if the services rendered in india to a foreign subsidiary is taxable for which consideration is paid by parent company in convertible foreign exchange.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 September 2015 What is the nature of service.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2015 Conducting a study on optimisation of energy using solar power generating system

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2015 Place where service rendered is India. the service provider is located in India & the service recipient (foreign subsidiary) is also located in India. However. Consideration is paid by foreign parent entity in covertible foreign exchange. Would like to know if such service is taxable . Thanks & Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 September 2015 No consideration for payment received in foreign currency.
Service provider is located in India, service receiver is also located in India and service is provided in India, taxable jurisdiction so service tax is certainly payable.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2015 Thanks a lot for your reply

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