06 July 2008
can i know what is the provision of service tax on foreign commission and there is any basic limit for execmption for payment of foreign commission made without paying service tax ?
14 July 2008
Basically the commission is covered under the Business Auxilary service, to treat it as export services the conditions to be fulfileed like the service receipeinet should be located outside india, the services is provided from India and used outside india and the consideration is received in convertible foreign exchange. Based on the facts of the case, the taxability has to be decided