We have received commission from forign party?
Acutally we have helped foreign party to take orders in india. so they have given us commission in foreign currency.
Is service tax applicable in these invoices.
Amol Abdar
9822237158
Amol Abdar (Accounts Officer) (24 Points)
20 August 2010We have received commission from forign party?
Acutally we have helped foreign party to take orders in india. so they have given us commission in foreign currency.
Is service tax applicable in these invoices.
Amol Abdar
9822237158
Jeevesh Mehta
(Advocate- Corporate Commercial & Indirect Tax Advisory)
(861 Points)
Replied 20 August 2010
HI Amol,
It appears from your discripttion that You are providing services to a foreign client and getting commission as an sales/ Marketing agent which is covered under Business Auxiliary Services.
But you are providing the service from india for the benefit of foreign client and getting the payment in foreign exchange..
therefore you qualify under export of services which exempt of Service Tax.
Regards
For clarifications you may contact us ... at 09811617186
Jeevesh Mehta
Excise, Service TAx and Customs Consultant
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
