Levy of Service Tax - foreign remittances - market research and ...
Service Tax
September 20, 2021
Levy of Service Tax - foreign remittances - market research and exploration executed outside India - Though market research and exploration have not been specifically stated in the contract, but still the scope of the work clearly suggests that the contract is basically for the work of market research and exploration which would be taxable under section 65(105)(y) of the Finance Act but in view of the provisions of rule 3(ii) of the Import Rules, no service tax would be payable. - AT
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