Service tax sucks
This query is : Resolved
10 June 2013
Hello Expert
let me explain there
i own a small software development firm , and i already did the business of 20 laks
99% work i get online from some site (elance , freelancer , odesk ) . these site charge 10% amount of the project as Fees , after that i transfer money to pay paypal . its take 5% of the amount as there Fees
if i get any project of $1000 then i get $855 in my hand ,
so my question is that : all the client from USA and UK , if they not pay any service charge , in this case i need to pay service tax .
waiting for reply .
let me explain there
i own a small software development firm , and i already did the business of 20 laks
99% work i get online from some site (elance , freelancer , odesk ) . these site charge 10% amount of the project as Fees , after that i transfer money to pay paypal . its take 5% of the amount as there Fees
if i get any project of $1000 then i get $855 in my hand ,
so my question is that : all the client from USA and UK , if they not pay any service charge , in this case i need to pay service tax .
waiting for reply .
10 June 2013
Yes...as importer of services...reverse charge mechanism would apply.
Message likes :
1 times
10 June 2013
from last year IT service is not Consider as as Export of service . can u please give me any best solution for the same ,
10 June 2013
Dear Varun,
Can you please elaborate on the kind of services rendered by you and how the foreign exchange in the form of fee is received? I wish to answer your querry after referring to place of provision of service rules and Rule 6A of the ST rules.
Can you please elaborate on the kind of services rendered by you and how the foreign exchange in the form of fee is received? I wish to answer your querry after referring to place of provision of service rules and Rule 6A of the ST rules.
10 June 2013
Dear Varun,
Can you please elaborate on the kind of services rendered by you and how the foreign exchange in the form of fee is received? I wish to answer your querry after referring to place of provision of service rules and Rule 6A of the ST rules.pl sent it to siva208@yahoo.com
Can you please elaborate on the kind of services rendered by you and how the foreign exchange in the form of fee is received? I wish to answer your querry after referring to place of provision of service rules and Rule 6A of the ST rules.pl sent it to siva208@yahoo.com
20 June 2013
Mr. Sivadas, Plz guide with an answer to the above query. I too want to know the correct answer. Thank u
20 June 2013
Hello Priti , u are also CA , u have any proper reply for this ?
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
