Service tax on commission paid to foreign agent
This query is : Resolved
01 March 2013
Dear Experts,
we pays commission on foreign sale to foreign agent.
we had made provision in books as follows
08-09 Rs.34 lakhs But paid only Rs.30 Lakh in 08-09.
For 09-10 Rs.55 Lakh But paid only Rs.48 Lakhs in 08-09
I want to know if pays the service tax, on what amt it should be payable, whether on amt debited to P&L or on actual amt paid in that particular year irrespective of provision?
Waiting for your reply..
Regards,
Sushil.
we pays commission on foreign sale to foreign agent.
we had made provision in books as follows
08-09 Rs.34 lakhs But paid only Rs.30 Lakh in 08-09.
For 09-10 Rs.55 Lakh But paid only Rs.48 Lakhs in 08-09
I want to know if pays the service tax, on what amt it should be payable, whether on amt debited to P&L or on actual amt paid in that particular year irrespective of provision?
Waiting for your reply..
Regards,
Sushil.
01 March 2013
On amount paid - assuming transaction is with non associated enterprises
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