28 December 2011
We are manufacturing glasslined equipment and colloboration with U.S.A. Company. We pay royalty and technical know how fees in foreign currency. We also pay service tax under head "Intellectual Property Services" and take credit as input service. Our is foreign colloboration company having 51% share from foreign delegates. Whether we have to pay R & D Cess on Royalty as well as technical know-how? If we liable to pay/not to pay, please give us your explaination. Thanks in advance
CAclubindia
