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Comission from Indian Main agent to foreign subagents

FEMA - Started By: - Priya Rajarajan - Dated:- 10-4-2015 Last Replied Date:- 9-5-2015 - We are explaining our nature of activity in brief for your kind advice.1. In our case seller of goods and purchaser of goods both are situated outside India. We help them to close deal and getting commission for trading of such goods.2. We provide service to the client situated abroad as mentioned above and getting commission in convertible foreign exchange.3. This transaction is not Import as goods are not a .....

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er on receipt of commission from foreign party. Even though the service is consumed outside India, it is not 'Export of Service' within the meaning of service tax rules. For further clarifications regarding service tax, if any, kindly email me at servicetaxexpert@yahoo.com - Reply By YAGAY AND SUN - The Reply = Dear Priya, Please check Rule 9 (c) as amended in 01-10-2014 in this regard. You are liable to pay the service tax on the basis of above changes made in 2014 and in 2015 in te .....

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side the taxable territory. Regards, YAGAY and SUN (Management, Business and Indirect Tax Consultants) - Reply By varun arora - The Reply = Dear Priya, On satisfaction of some conditions as mentioned in 42/2012, exporter is eligible for exemption from service tax on the commission paid to the commission agent located outside india. If the commission paid is less than 10% of FOB value. If the commission is paid is more than 10% of FOB value then Service tax is to be paid on the portion of commiss .....

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