with hold tax
This query is : Open
C A Mukesh Kumar
(Querist)
16 June 2009
Sir
Our Co. (A PSU) entered a consultancy contract with a company of Austria for receiving technical service (both onshore and offshore) regarding excavation of tunnel. as per contract the income tax liability in India and Austria will be borne by foreign consultant and service tax and all other indirect taxes shell be borne by us.
With reference to above contract what procedure to be followed by us with respect to blow mentioned points.
1. What are the withholding tax provisions as per Indian revenue authorities?
2. How calculate service tax liabilities?
3. In which format we issue tax withholding certificate to consultant?
4. How much TDS to be deduct from consultant?
5. As a finance personnel what point to be checked before points?
Please guide me I will be wholly responsible regarding above mentioned payments.
Our Co. (A PSU) entered a consultancy contract with a company of Austria for receiving technical service (both onshore and offshore) regarding excavation of tunnel. as per contract the income tax liability in India and Austria will be borne by foreign consultant and service tax and all other indirect taxes shell be borne by us.
With reference to above contract what procedure to be followed by us with respect to blow mentioned points.
1. What are the withholding tax provisions as per Indian revenue authorities?
2. How calculate service tax liabilities?
3. In which format we issue tax withholding certificate to consultant?
4. How much TDS to be deduct from consultant?
5. As a finance personnel what point to be checked before points?
Please guide me I will be wholly responsible regarding above mentioned payments.
Madhukar N Hiregange
(Expert)
17 June 2009
As far as ST is concerned, the same wouldbe liable where the services are recived in India. If recived outside India there is no liabilioty in my view.
ST if any paid on the same is also eligibel for reufnd since the final service provided by the PSU appears tobe a export of services.
ST if any paid on the same is also eligibel for reufnd since the final service provided by the PSU appears tobe a export of services.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
