Service
133 Points
Joined November 2009
Refering to Rule 3(iii) of Taxation of Services (Provided from Outside India and Received in India ), it includes Management or business consultants services [sec 65(105)(r)] in its ambit and is import of services if it is received by a recipient located in India for use in relation to business or commerce.
As per the information provided , it seemed the service will be taxable and your co.will have to pay service tax under Reverse Charge mechanism.