Narendra Kumar (executive ) (48 Points)
02 April 2009Dear Friends
we ( manufacturing co.) are making a pmt of technical consultancy to a foreign colloborator. as per the service tax we have to pay the service tax on his behalf.
now will you please guide me what will be the mode of pmt. I heard that 5% of the total tax should be deposited in cash with RBI and the rest you can set off with cenvat credit ( if available)
please guide me on the same & if yes then please with circular
regads
narendra
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 02 April 2009
CA. Krishna Sagar. K
(Finance Manager )
(84 Points)
Replied 04 April 2009
Dear,
Same as said above by Mr. Rajesh Kumar, service tax shall be levied on the total service imported by the company. That should be paid by the following month 5th in which the payment to the party outside India.
it will take as input in that paid month. (As per Import & Export Rules of Service Tax)
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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