does payment of commission by a foreign company in foreign currency attracts service tax in india.
thanks & regards
CA Parth Verma (NYU Stern Alumni ) (90 Points)
22 December 2012does payment of commission by a foreign company in foreign currency attracts service tax in india.
thanks & regards
Rikin
(Learner)
(140 Points)
Replied 22 December 2012
Yes...it depends on quesion "against which service you have received that commisson"...If service is taxable, then you have to raise bill including service tax...but service tax payment liability would be on service provider.
R K cigiri
(Fin. Exe.)
(43 Points)
Replied 24 December 2012
The nature of transaction has to be examined in accordance with the Place of Provision of Service Rules 2012. Then only the issue of taxability can be examined.
CAclubindia
