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Service tax on foreign consultant
We have taken service from foreign engineer for 1000 Euro he raised bill for 1000 Euro & we booked bill in Feb17 @ 70 per EURO so bill amt in INR is 70000. we made payment in April for 1000 Euro @ 68 for Rs.68000. now i want to know as per service tax on foreign consulant we are liable to pay service tax, but i want to know on which amount. amt paid Rs.68000 or bill booked Rs.70000, pls advise me
Replies (2)
Service Tax on Import of servies to be paid under RCM on the original bill amount
Hi Devendra,
as per Sec 67, the value of taxable services is gross amount paid to service provider as consideration, in view of that, in your case, value of taxable services is Rs.68000, on which you have to pay 15% of service tax
thank you..
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