Service tax
This query is : Resolved
CA. NAGAM DEVI KUMAR
(Querist)
08 May 2014
Dear Sir
Please clarify with regard to service tax
one of my clients is doing export business from Visakhaptanm port to Vietnam port. Prawn export. here my client is paying shipment insurance premia to london based company. whether it attracts service tax. is it comes under reverse charge mechanism. if it comes under RCM, I think it is applicable only from 1st July, 2012. Insurance is only for any lose or damage of good during the voyage.
Please clarify with regard to service tax
one of my clients is doing export business from Visakhaptanm port to Vietnam port. Prawn export. here my client is paying shipment insurance premia to london based company. whether it attracts service tax. is it comes under reverse charge mechanism. if it comes under RCM, I think it is applicable only from 1st July, 2012. Insurance is only for any lose or damage of good during the voyage.
08 May 2014
YES AS PER 30/2012-ST ON RCM IN INSURANCE
CAN U PAY S TAX AND APPLY FOR REFUND ON PAID S TAX ON SPECIFIED SERVICES OF S TAX AS PER NOTIFICATION 41/2012-ST 20-6-12.
CAN U PAY S TAX AND APPLY FOR REFUND ON PAID S TAX ON SPECIFIED SERVICES OF S TAX AS PER NOTIFICATION 41/2012-ST 20-6-12.
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