12 June 2014
THERE IS TWO COMPANY HAVING SAME DIRECTOR.ONE IS A(INDIA) AND OTHER IS A (USA).A (INDIA) IS COLLECTING ADVERTISEMENT AND SEND IT TO THE A(USA) HAVING BUSSINESS OF MAGAZINES AND NEWS PAPAER PUBLISHING.AND A INDIA IS GETTING COMMISSION THEN IN WHAT TYPE OF CATEGORY A(INDIA) FALL????
12 June 2014
I believe purpose of knowing the classification here is to know whether the India operations shall be subjected to service tax.
From the available info, I understand that the main stream revenue for India Company is Commission received, this cannot be classified as Sale of space for advertisement.
In case you need further details or your purpose of query is different then you can write back to me on manek_sudeep@yahoo.com
13 June 2014
suppose i (inside india) want to take services of Z company (outside india)and for that there is a agency of that outside company in india. and i have payed the amount lets say Rs. 1000/- to that agency.now that agency retain 20 % of that amount. and out of 80% , 40% is alo retain to meet its daily expenditures and balance transferred to company outside india. now tell d amunt on which service tax required to pay by client as well as agency (inside india)
CAclubindia
