Hai Guys,
In our organisation is done by trading activity,
We are import chemicals from Italy,
The supplier is paid some commision to our organsitation. the same we are entered into books also, please clarify we want to pay TCS at the time of money recepit
In our organisation is not registered to service tax also, At the time of commision invoice preparataion we are not declared any service tax also this is correct??
please guide and help me how i solve this issues
Hi...Balasubramani
Your query is not clear...do u mean that your co. is receiving comm from Italy co....
If this is case then, then there is no question of TDS to be dedcuted by Italian co....and TCS is not in picture in such case...as far as Service tax liab is concerned , you need to pay tax on Comm. received under Business Aux Servs.
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