20 May 2011
Our company receives commssion from overseas for the orders procured or executed in India from foreign countries. Will there be any service tax liability on the service provided if yes under what category we should pay and get the registration done with Service tax authorities Regards
21 May 2011
The service provided by you is Business Auxiliary Service as per section 65(105).But since it is provided from India and the recipient of service is outside India ,as per Rule 3(iii)of Export of service Rules ,it falls under expoprt of service.Such expoprt of service may b made without payment of service tax.The main and common condition is that receipt of payment must be in convertible foreign exchange.hope it clarifies the query.CA.SAGAR MAL PAREEK 09824346469