Service tax on foreign commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 April 2017
Hi,
One of our client is acting as a logistic partner for a foreign entity. They receive shipment of goods from foreign party and simply send the same to a buyer in india. For this service , they receive a commission for receiving and shipping goods. Invoice is named in the name of the end buyer , however our client first receives the goods , packs it and sends to the end buyer. Airway bills are in the name of our client. Please advice whether service tax would be applicable on the same?
Regards
One of our client is acting as a logistic partner for a foreign entity. They receive shipment of goods from foreign party and simply send the same to a buyer in india. For this service , they receive a commission for receiving and shipping goods. Invoice is named in the name of the end buyer , however our client first receives the goods , packs it and sends to the end buyer. Airway bills are in the name of our client. Please advice whether service tax would be applicable on the same?
Regards
18 April 2017
First of all please clarify how this transaction is being accounted for in the books of accounts. If you are only showing the commission income in your books, then this transaction is subject to service tax.
In case you are showing sale and purchase of goods then you must be charging VAT/Sales Tax. If yes, then service tax is not applicable.
In case you are showing sale and purchase of goods then you must be charging VAT/Sales Tax. If yes, then service tax is not applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
