We have to pay technical fee in forex towards know how to a foreign co.
What is the liability/responsibility regarding service tax.
CA .Dinesh Singh (Service) (28 Points)
04 June 2009We have to pay technical fee in forex towards know how to a foreign co.
What is the liability/responsibility regarding service tax.
Vishal Gill
(C.A.)
(49 Points)
Replied 04 June 2009
It would be covered under Import of services and u hv to pay service tax on that.if u are also paying R&D Cess then u can claim credit for that..
CA .Dinesh Singh
(Service)
(28 Points)
Replied 04 June 2009
Yes I am paying R& D cess,
I can claim credit of what R& D cess or service tax?
Vishal Gill
(C.A.)
(49 Points)
Replied 04 June 2009
Credit of R&D Cess while paying Service Tax. in case of import u have to pay without utilising CENVAT. after payment of Service Tax if Imported Services are utilised in providing Taxable services, then u can take credit of Service Tax paid on Import of Services
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