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Service tax-reverse charge

Tushar (Chartered Accountant) (42 Points)

19 August 2013

A company has received services of news providing from outside india, in that case reverse charge is applicable???

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NAGASAI.K (Article Assistant) (193 Points)
Replied 19 August 2013

Import of Service

¨ Service tax is payable only if Place of Provision of Service is in taxable territory (i.e. India plus 200 nautical miles inside the sea minus J&K)

¨ Service provider should be outside taxable territory and service receiver should be located in taxable territory

¨ Service tax is payable on gross amount including TDS

https://nagasaica.blogspot.in/2013/08/blog-post.html

Prabhat Kumar (Advocate & Consultant) (1912 Points)
Replied 21 August 2013

Services of collectin or providing the news by an independent journalist,P.T.I or U.N.I is in the negative list but if you donot fall in the abovesaid category then you are liable to pay Service Tax as per Sec.66A of the Finance Act.