Sir,
Iam in india working as a agent to a german company.I create business for them in India and iam paid comission for the business created in India in euro. I raise my invoice quartely. Whether iam lible to pay both service tax and income tax? Kindly guide me.
Looking forward your valuable suggestions
You are liable to pay the service tax as you are providing an intermediary service. The Place of Provision according to Rule 9(c) of POPR shall be the Location of the Service Provider. In this case being a service provider located in the Taxable Territory you are liable to pay service tax. Moreover, the provision of this service would not amount to export of service as the POP is in India and not outside India .
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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