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service tax permissable

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03 November 2010 What is maximum permissible limit of foreign agent commission for the purpose of service tax?

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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
03 November 2010 As per service tax Circular No.118 /12/2009-ST dated 23 November 2009, the maximum allowable limit of Foreign agent commission is 10% of FOB, one percent of the FOB value of export goods is the maximum exemption of service tax (as service tax rateis 10%)
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