An Indian exporter send his merchandice to a foreign importer.For having dealt this trade an Indian company gets the commission from the foreign importer as and when the consignments are shipped.
1)Does this commission come under service tax?
2)Do you think FEMA stepps in here.If so which authority the agent has to register himself with
Menu
FEMA
Replies (2)
yes this service is not taxable under business auxiliary service provided the export rules are complied withsuch as:'
(1) service are provide from india and utilised autside india
(2) amount received under foreign exchange
(3) recipent of service located outside india
in your case you are comply all the condition, if rececive the commission in foreign exchange,so the service are taken as export of service, NO service Tax required.
no registration required under FEMA
dear sir
yaman shenoy ji
if you have obtained srevices tax registration number . you can avaling the examption this services (business auxiliary service ) under services tax notifaction no :- 18/2009
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
