TaxTMI 
TaxTMI 
TaxTMI 
We have paid annual subscription for business magazine to be received from foreign country i.e. from USA. Kindly let us know whether we have to pay service tax under reverse charge method?
Regards,
VINAY
Annual subscription for business magazine from USA -payment of Service Tax in India.
vinay wakde
Annual Magazine Subscriptions from USA Not Subject to Service Tax Under Reverse Charge; Classified as Goods, Not Services. A query was raised about the applicability of service tax under the reverse charge method on an annual subscription for a business magazine from the USA. The response clarified that magazines and periodicals are considered goods, not services, and thus are not subject to service tax. Consequently, the provisions of Notification No. 30/2012-ST effective from July 1, 2012, do not apply to these transactions. (AI Summary)