Service tax - inter company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2011
We are 100% subsidiary of our parent company in US.
We provide software/recrutiment and consultancy services to our parent company and do not have any revenue out of our India operations.
Forthe services we render, we invoice our parent company on the admn/overhead margin.
Do we have to add service tax while we invoice the parent company.
We provide software/recrutiment and consultancy services to our parent company and do not have any revenue out of our India operations.
Forthe services we render, we invoice our parent company on the admn/overhead margin.
Do we have to add service tax while we invoice the parent company.
05 January 2011
You need to check first under which category of service (there are 3 categories - refer rule 3 of the Export of Service rules, 2005.) your service falls, and whether the condition mentioned in the rule is satisfied for it to be called as export.
If yes, it does not attract service tax liability.
If yes, it does not attract service tax liability.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
