We have an order for Annual Software Maintenance and Support Agreement from and Indian Customer...we are also based in India, Against which we will be importing this service from our denmark Prinicpal. As there is no physical movement of goods, There is no applicabliity of Custom Duty. My query is
I now want to make the remitance to the denmark Principal. .. are we suppose to deduct TDS on this transaction.. if yes then what is the rate of TDS to be deducted... The denmark prinicpal has a PAN number in India...
Secondly what will be applicablity of service tax for the transaction between my Denmark prinicpal and My Company. is there any service tax involved in the transaction between my Denmark prinicpal and My Company.
Thanks in advance
CAclubindia
