Service tax on air import freight charges

This query is : Resolved

devukumar (Querist)
Follow

15 July 2013 We are a licensed international Air Cargo Forwards cum customs house agent.

We bring import Air cargo for importers in India as air cargo and collect the air freight charges in rupees. In turn these air freight charges are being paid back to our overseas principals ( freight forwarders) in foreign currency through bank At the time of remitting back these freight payments a little portion from this is being deducted by us as our profit element ad the balance is paid to the foreign principals.

Recently a service tax audit team as visited our office for audit. One of the audit officer has expressed his doubt whether the service tax has to be paid for the profit element from the import freight charges.

On verification we find that the trade does not pay service tax for this. According to few Senior trade members the same quarry was raised by the department in different service tax payment heads at some of the states and the appellate authorities had disallowed the same.

We shall be obliged if you could advice on this matter.

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
Follow

18 April 2017 Very old query need to be closed now

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

George Innocent

SUBHASH SAHA

Narendra

Krishnaveni karur

KRK

Subscribe Now

Service tax on air import freight charges

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

CA Final