Service tax on commission agent income
This query is : Resolved
CA ABEY ABRAHAM
(Querist)
04 November 2016
our company is a 100% indian company, we supported and facilitates one of our foreign vendor(in Israel) to give discounted rated goods to another foregn country(in China). As against this support and %ge of discount have received some amount as"commission on above transaction". my query is
1. is service tax applicable on the said income...??
2. can we raise invoice as dollar(if st applicable then that also)...??
Pls reply...thanks in advance...
1. is service tax applicable on the said income...??
2. can we raise invoice as dollar(if st applicable then that also)...??
Pls reply...thanks in advance...
KAVIRAJA ADDANGADI
(Expert)
04 November 2016
No, the above service covered mega exemption under outside coverage area, No need to collect service tax.
CA R SEETHARAMAN
(Expert)
04 November 2016
1 Service tax applicable as per Place of Provision of service Rules 9(c).
2 Yes raise the invoice in USD.
2 Yes raise the invoice in USD.
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