Import of Services

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Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2010 What is the applicability of Service Tax in case of Foreign Currency expenditure as being disclosed in Notes to Accounts of Auidted Accounts , whether every thing will attract service tax under the head " IMPORT OF SERVICE "

Dayal

Dayal (Expert)
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03 January 2010 Not Necessarily, Evalaute the transaction in light of the taxable services, for instance freight paid outside india, not liable to service tax, Technical Testing services performed outside India, not liable to service tax, therefore, you need to evaluate the transaction as per the rules, there are only four rules, and services have already be categories under 3 heads on the basis of their performance.

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