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
- 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
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
