service tax -
This query is : Resolved
04 December 2010
We have received bill from France, Professional & technical charges,
pls suggest us, we liable to pay service tax or not
& if the contract is Indian consultant / lawyer /Contractors with foreign company & thereafter foreign company (our parents company) reimbursed to Indian company than what is the effect of service tax
pls suggest us, we liable to pay service tax or not
& if the contract is Indian consultant / lawyer /Contractors with foreign company & thereafter foreign company (our parents company) reimbursed to Indian company than what is the effect of service tax
05 December 2010
Liable under 66A.
If same service provided by local firm to foreign company it would amount to exports and would notbe liable to ST
If same service provided by local firm to foreign company it would amount to exports and would notbe liable to ST
07 December 2010
In the first case u are liable to service tax u/s 66A. You are required to get the Service Tax Regn. from the dept, assess the Service Tax (presently 10.3%) and deposit the same. U will get the cenvat credit of the Service Tax paid by u as the same amounts to input service.
In the second case, it would amt. of export of service and not liable for service tax.
In the second case, it would amt. of export of service and not liable for service tax.
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