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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 the Invoice is raised on an Overseas party for Import freight coming into India, is Service tax levied.The Invoice is raise don overseas party and payment is also received from overseas, please advise.As the Company is not based in India so why should .....

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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. Hence the service provided by you qualifies as export of service. Therefore in my opinion you need not pay any service tax. Only in the case of import the manufacturer or output service provider who avails the service of a foreign shipping company, ha .....

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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 services.- 10. The place of provision of services of transportation of goods, other than by way of mail or courier, shall be the place of destination of the goods: Provided that the place of provision of services of goods transportation agency shall be t .....

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