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About me

 

 

,,,,,"""" TIME PANCTUALITY IS THE BEST TO LIVE A LIFE,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,WITH FULL OF ENJOYMENTS...........""""""

    What kinds of questions I can and can't answer?
    can answers all the queries related to income tax (including tds) and can also answer the queries related to audit of corporates, government audit i have very much experience in bank audit, can answer any queries of any type of audit

    My area of expertise
    income tax, audit, accounts, project finance, management consultance , bank audit

    My experience in the area (years):
    4 years

    Organizations I belong to:
    KRb & Company, Firm of Chartered accpuntant

    Publications or writing which has appeared :
    no such publications i have written

    Educational credentials:
    B.Com, ACA

    Award & Honors:
    no

  • binny says : SERVICE TAX ON USD COMMISSION
    Dear Sir I read your expert comments. I have some query regarding service tax applicability on commission received in US dollars from a foreign company. Pl. see if you can comment. An Indian REP. company is procuring orders for foreign principal company from Indian customers. The Indian customers place their orders directly on the name of Foreign principal company. The Indian REP company is not buying and selling. The whole process is like this: 1) The enquiries of Indian customers are issued on the name of foreign supplier. These are sent to Indian company or even directly to foreign company. 2) The Indian REP. advises foreign company to make the offer sheet directly to foreign company keeping his margin/profit included in the offer sheet. 3) The Indian customer places the order and payment directly on that price of the offer sheet directly on the name of foreign company. 4) After the order execution by the foreign company , the foreign company remits the margin/profit to Indian rep. in USD. This profit varies on each order. Please advise service tax applicability in this scenario. Best Regards Binny


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