hi
my company is having a sale agent in srilanka who does sales on our behalf . he remits the entire monry recd thru sales to us in india.
he then raises the debit note to us for his commission amount.
then we remit the money to him directly in srilanka to his bank account thru TT or any other means.
now is my company liable to deposit service tax on this amount in india as my company is then importer of services
pls advise.
| Originally posted by :aashima | ||
| " | hi my company is having a sale agent in srilanka who does sales on our behalf . he remits the entire monry recd thru sales to us in india. he then raises the debit note to us for his commission amount. then we remit the money to him directly in srilanka to his bank account thru TT or any other means. now is my company liable to deposit service tax on this amount in india as my company is then importer of services pls advise. |
" |
Hi,
Refer to this link this might help you..
/articles/article_list_detail.asp?article_id=470&article_title=Liability%20of%20Service%20Recipient-%20An%20overview
The liability to pay service tax is reversed towards the service recipient under the reverse charge mechanism and the credit for the same can be considered.
Thanks,
As per import of service rules... ur company will be liable to charge adn pay to the government.
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
ADY & CO.
New Delhi
Graduate (Any)
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
CCI
Pro
CAclubindia
