service tax liability
This query is : Resolved
22 February 2010
We have availed exemption under Notification No.18/2009 ST Dated:07/07/2009 for service provided by a commission agent located outside India.
If we pay Rs.12,000 for commission to a commission agent located outside India on Rs.1,00,000(free on board value of export goods)
Q.1 How to calculate service tax liability for the above payment?
If we pay Rs.12,000 for commission to a commission agent located outside India on Rs.1,00,000(free on board value of export goods)
Q.1 How to calculate service tax liability for the above payment?
24 February 2010
The amount of Rs. 12000/- is considered as inclusive of tax and tax is to be calculated by following formula
Amount paid
------------- x 10.3
110.3
Amount paid
------------- x 10.3
110.3
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