Import of services
This query is : Resolved
25 September 2012
DEAR ALL
ON WHICH VALUE WE SHOULD PAY SERVICE TAX IN CASE OF IMPORT OF SERVICES,
1) WHETHER ON THE VALUE ON WHICH WE ARE BOOKING THE INVOICE IN FOREIGN CURRENCY TAKING AVERAGE RATE AS DECLARED BY CUSTOMS EVERY MONTH
2) OR ON THE ACTUAL VALUE WHICH WE WILL PAY TO THE FOREIGN PARTY ON DUE DATE OF PAYMENT AS PER SPOT RATE OF FOREIGN CURRENCY AT THE TIME OF PAYMENT.
REGARDS,
GAURAV G BADWE
ON WHICH VALUE WE SHOULD PAY SERVICE TAX IN CASE OF IMPORT OF SERVICES,
1) WHETHER ON THE VALUE ON WHICH WE ARE BOOKING THE INVOICE IN FOREIGN CURRENCY TAKING AVERAGE RATE AS DECLARED BY CUSTOMS EVERY MONTH
2) OR ON THE ACTUAL VALUE WHICH WE WILL PAY TO THE FOREIGN PARTY ON DUE DATE OF PAYMENT AS PER SPOT RATE OF FOREIGN CURRENCY AT THE TIME OF PAYMENT.
REGARDS,
GAURAV G BADWE
25 September 2012
you will pay the service tax on the invoice value.
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