subhash singh (chartered Accountants) (25 Points)
25 October 2010Hello Everyone,
Please help me out in the following given case.
There is service receiver who becoming liable for service tax payment on those services which are received in India from a foreign company. Payments for service provided are made in forex by the director on behalf of the company. Can company claim exemption upto Rs.9 lacs?
GAURAV JAIN
(C.A. F!N@L Group-1 Clear...)
(278 Points)
Replied 25 October 2010
no, since service receiver cannot claim exemption of Rs. 9 lacs if he paid service tax as service receiver
subhash singh
(chartered Accountants)
(25 Points)
Replied 25 October 2010
Mr. Gaurav .....
till that date company has not pay any service tax,
Bhavin Bhadra
(Job)
(174 Points)
Replied 26 October 2010
Agreed with Gaurav,
There is no exemption limit for service tax receiver.
The company is doing import of sevices.
Therefore, the company needs to get registeration number and required to pay service tax with interest and other provisions of service tax as may be applicable.
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