Service tax liability on services received abroad
This query is : Resolved
13 July 2009
Our Company, based in India, has paid lead managers fee in foreign currency for a foreign based service provider for issue of FCCB. Apparently, services were rendered and consumed in a foreign country.
Are we liable to pay service tax on payments made to Foreign based lead manager? If so, under what section.Please clarify.
Are we liable to pay service tax on payments made to Foreign based lead manager? If so, under what section.Please clarify.
13 July 2009
If the service is in relation to business and commerce, and the category of service falls under third category then irrespective of performance service tax will need to be paid.
This service most likelty to fall as arranger fees falling under banking and financial services and subject to service tax under reverse charge
This service most likelty to fall as arranger fees falling under banking and financial services and subject to service tax under reverse charge
14 July 2009
if services are consumed outside India, then service tax will not be paid.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Form 144 TDS Return Validation Error – Mandatory Fields
- Gift to nri relatives residing in usa
- Capital gains in IT returns
- Advances to related party
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
