Service tax on foreign service received
This query is : Resolved
12 June 2014
designing & developing of our Mold Equipment in USA by our abroad Consultant and we taken service. The said services shown as our asset in our account books.
Kindly advise & suggest have to pay service Tax in India by us? are we right this service shown as asset?
Thanks with regards,
Narendra Shah
Kindly advise & suggest have to pay service Tax in India by us? are we right this service shown as asset?
Thanks with regards,
Narendra Shah
12 June 2014
Here we need to determine whether service was provided by the USA consultant on the Mold equipment when it was in USA or when it came to India?
In case USA consultant provide services on the Mold equipment when it was in the USA then you must have already paid Customs on the same so service tax should not apply.
We need to go into granular detail in order to provide a black or white answer to your query.
Also from accounting perspective, you can capitalize this service as part of fixed asset.
Sudeep +91 96191 61183.
In case USA consultant provide services on the Mold equipment when it was in the USA then you must have already paid Customs on the same so service tax should not apply.
We need to go into granular detail in order to provide a black or white answer to your query.
Also from accounting perspective, you can capitalize this service as part of fixed asset.
Sudeep +91 96191 61183.
16 June 2014
Sir Thanks for Solution. we have not paid Customs Duty, So, we have to pay Service Tax, However following Queries in my mind. Pl. suggest
1]In which S.T.Head we have to pay S.T. amount?
2] It will require to add Service in our S.T.Registration Certificate as a Receptionist of said Service?
3]Pl. inform from which date the said Service was eligible taxable. also inform Notification /Circular No. & Date.
Thanks with regards,
Narendra Shah
1]In which S.T.Head we have to pay S.T. amount?
2] It will require to add Service in our S.T.Registration Certificate as a Receptionist of said Service?
3]Pl. inform from which date the said Service was eligible taxable. also inform Notification /Circular No. & Date.
Thanks with regards,
Narendra Shah
17 June 2014
If services has been provided in abroad and you have received the money in foreign convertible currency then no need to pay service tax.
17 June 2014
Sir, It is not proper suggestion of my Queries. we have received Service from abroad, we have paid Money not received.
Pl. suggest reg. my Queries.
Thanks,
Narendra Shah
Pl. suggest reg. my Queries.
Thanks,
Narendra Shah
24 July 2025
https://docs.google.com/document/d/1XlrImY3CxwELDX0zfI_5Mt8dmZxKIYFGaGk0hVm62aE/edit?usp=sharing
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- Eway bill for machinery reparing
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
