27 December 2008
Sir, If an Indian Company imports goods by chartering a flight and the agent for this is outside India and payment is made to the agent by remittance in Foreign Exchange. Is Service Tax Applicable for the Importer as a receiver of service ??
29 December 2008
Company A - Indian Co Importer Company B - Indian Co Agent Company C - Not an Indian Co (Chartering of Air Flights)
Company A wants to import goods by chartering a flight thru its agent (Company B). Company B enters a contract with Company C and the goods are received in India thru Air Charter.
Company B pays Company C by Remittance in Forex and issues Debit Notes to Company A for reimbursement of Air Charter Amount (with out any additional charges). Company A re imburses the amount to Company B
Please let me know service tax liability in this case. THANKS
CAclubindia
