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Import shipment by sea

Service Tax - Started By: - Gagan Chawla - Dated:- 29-6-2016 Last Replied Date:- 1-7-2016 - Dear Sir,We are a shipping company based and registered in India.We understand that Service tax has been levied @ 4.5 % on Import Freight.My querry is , if th .....

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they fall into the net of Service tax of India. - Reply By Ganeshan Kalyani - The Reply = Sir, since the company is registered in India it has to comply the tax as per the Law prevailing in India. In the current budget it is provided that the company .....

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Provision of Service Rules, 2012, the place of provision of a service shall be the location of the recipient of service . In your case the place of provision of service is non-taxable territory, that is, outside India though it originates in India. H .....

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s to pay service tax under reverse charge mechanism. - Reply By SURESH ASTEKAR - The Reply = Dear Shri Chawla, My understanding of your query is that you charge for transportation of goods from abroad to India by vessel and the foreign party pays the .....

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ction, since you are providing service to a foreign customer who pays you in convertible foreign currency. My views on this transaction are as under: Rule 10 of the Place of Provision of Services reads: Place of provision of goods transportation serv .....

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he location of the person liable to pay tax. Since this is a specific rule, the general Rule 3 is not applicable. In terms of this rule, the place of provision of service is India since the destination of the goods is India in your case. Therefore, t .....

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