Lokesh Gautam (Company Secretary) (29 Points)
21 February 2013dear learned member,
greetings for the day,
An Indian Private company seeks franchise from a US based company for same realestate consultants activities. monthaly royalty will be paid to that foreign company.
kindly advise that if it attaracts any serveice tax provions.
waiting for an expert response.
thanks in advance.
Regards
Lokesh Gautam
9971518896
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 22 February 2013
Since you are receiving Franchise Services from a person situated in non taxable territory, you are liable to be taxed under reverse charge(S.66A). So, there is liability of Service Tax on you.
Lokesh Gautam
(Company Secretary)
(29 Points)
Replied 26 February 2013
| Originally posted by : Lokesh Gautam | ||
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dear learned member, greetings for the day, An Indian Private company seeks franchise from a US based company for same realestate consultants activities. monthaly royalty will be paid to that foreign company. kindly advise that if it attaracts any serveice tax provions. waiting for an expert response. thanks in advance. Regards Lokesh Gautam 9971518896 |
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