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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 h .....

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rriving in India.4. Our service consumed outside India and by nature it is pure export of service.5.I'm a commission agent and I in turn need to pay to 3 of foreign sub agents.(2 million usd/month per agent)6.What is the max amount that could be .....

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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 m .....

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rms of existing exemption, vide notification No. 42/12-ST dated 29.6.2012, to the service provided by a commission agent located outside India to an exporter located in India has been rescinded with immediate effect (i.e. w.e.f. 28th February 2015). .....

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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 fro .....

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ion exceeding 10%. However, vide Notification No. 14/2014-S.T. dated 11th July, 2014, Government had amended Rule 2(f) read with Rule 9 of POPS 2012 by replacing defination of 'Intermediary'. to include Commision agent dealing in goods. This .....

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