Applicability and credit of service tax

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..... Applicability and credit of service tax
Query (Issue) Started By: - KANTI CHAUHAN Dated:- 11-7-2009 Last Reply Date:- 12-7-2009 Service Tax
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Service Tax
Dear Sir, We are dealin .....

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..... g in all types of IT related services.Recenty our staff has got training from Australian based company for which they charged us US$ 30000.Are we liable to pay service tax & if yes can we get credit o .....

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..... f the service tax paid since its related to our business. Whether we have to deduct any TDS while making any foreign outward remmitance & at what rate. Reply By Ravi Chopra: The Reply: Regarding, Ser .....

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..... vice Tax, since the services are in the nature of commercial coaching or training, the same is not liable to tax in India if wholly provided outside India. On the other side, if it is held as "consult .....

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..... ing engineering service" the same is taxable in India as recipient of service is situated in India. Yes, if you pay service tax on such service, the same qualifies as Input service if all other condit .....

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..... ions are satisfied for the purpose of Cenvat Credit. Regarding Income Tax, apparently, you may not be liable to deduct TDS. But, further study is necessary in respect of the transaction and DTAA provi .....

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..... sions read with Income Tax Act, 1961.
Discussion Forum - Knowledge Sharing .....

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