Service Tax on Royalty
This query is : Open
29 October 2010
A subsidiary company (located in India) paying Royalty on its total sales made during the financial year to its Holding company (located outside India) as a consideration for right to use Technical know-how, designs, process of manufacturing, Trade-marks, etc.
Whether that subsidiary company will have to pay Service tax or / & Research & development cess to Cent. Govt. of India or not?
Whether that subsidiary company will have to pay Service tax or / & Research & development cess to Cent. Govt. of India or not?
29 October 2010
No service tax is not applicable.
30 October 2010
Service tax has to be paid on the Royalty amount paid to the foreign company by the Indian Company. and in above mentioned case no service tax will be levied.
other experts please clarify......
other experts please clarify......
02 November 2010
Does this not amounting to import of technology from a foreign country Mr.Shailesh?
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