Applicability of service tax on commission
This query is : Resolved
04 March 2016
Applicability of Service Tax on Commission received from Foreign Company.
I am an agent(in India) for foreign companies where my work is to take delegates/companies from India to Events/conferences in foreign countries. And i get commission from my foreign client.
Is this commission taxable?? is service tax applicable on this commission?? If service tax is applicable than can i charge the same to my foreign client??
Regards,
Rohit
I am an agent(in India) for foreign companies where my work is to take delegates/companies from India to Events/conferences in foreign countries. And i get commission from my foreign client.
Is this commission taxable?? is service tax applicable on this commission?? If service tax is applicable than can i charge the same to my foreign client??
Regards,
Rohit
04 March 2016
Service tax applicable on this commission you have to pay it under RCM. You can claim the amount from your foreign client.
Message likes :
1 times
04 March 2016
Dear Seetharaman Ji,
Thank you for your reply.
so the service tax applicable would be 14.5%???
Thank you for your reply.
so the service tax applicable would be 14.5%???
04 March 2016
Service Tax is applicable on your transactions since service is rendered in India. In case of services rendered to the overseas parties, the service tax is payable by the service provider under RCM. There is no exemption or abatement on the services rendered and hence the rate of service tax is 14.5% (15% from 1st June 2016). The service tax may be recovered from the foreign party.
Message likes :
1 times
05 March 2016
Dear Suresh ji Thank you for your reply.
What is RCM means??
What is RCM means??
05 March 2016
RCM means reverse charge mechanism . you being service provider no RCM applicable here you have to pay service tax as service provider. RCM applicable only to service receiver.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
