TMI BlogBudgetory Changes w.r.t. PPS Rule 2012, proposed w.e.f. 01/10/2014X X X X Extracts X X X X X X X X Extracts X X X X ..... Budgetory Changes w.r.t. PPS Rule 2012, proposed w.e.f. 01/10/2014 X X X X Extracts X X X X X X X X Extracts X X X X ..... r>What will be the effect of the proposed changes in Rule 2 and effective to Rule 9(c) of Place of Provision of Service Rules 2012, vide Notification No. 14/2014, on the working cost with margin recei ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved by Indian Subsidiaries for running the business in India from their foreign parent companies? Even if they are not working as commission agent but involved in trading of goods of the parent compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies? Will the entire reimbursement come into the tax net or the export of service benefit will continue to be available? Reply By Chintamani Bhide: The Reply: In my opinion. if they are engaged in T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rading of the goods of the parent companies, it will not come under tax net. However, if they simply point out to a prospective buyer who would buy the products of the parent company and earn commissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on in the process, then they would be covered by proposed changes.
Reply By Vinay Kunte:
The Reply:
Thank you Sir for your valuable opinion. X X X X Extracts X X X X X X X X Extracts X X X X
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