priyanka (manager) (109 Points)
27 November 2009Hi.. I want to know of applicability of service tax on following..
My company has paid Rs. 10,50,000/- to a USA based company as 1st Instalment for Technical Knowhow for Machine Designs....
Whether it is an Import of Service ??? Whether Service Tax is required to be paid out on this amount ????
Sourav Roy Choudhury
(Accountant)
(23 Points)
Replied 27 November 2009
Dear Member
I want to know the procedure for filling st ret. while i have had already regn no.
Madhukar N Hiregange
(Chartered Accountant)
(38934 Points)
Replied 30 November 2009
Dear Pryanka,
Yes the service appears to fall under IPR services. The only aspect to be confirmed is whether the same could be said tobe goods. If so then the liability under service tax would cease.
sandip bhogayta
(manager - taxation)
(65 Points)
Replied 15 December 2009
as per my knowledge this transaction attract the custom duty not service tax
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