TaxTMI 
TaxTMI 
| Reimbursement of expenses Import of Service- Service tax chargeability |
|---|
| Dear Sir, Is Service tax chargeable on reimbursement of expenses in case of import of Service. Service such as a video conference was held in the Ho office of Mumbai and for the authority for SYSTEM USAGE CHGS-VIDEO CONFERENCE SYSTEM WITH our Parent company (Japan) charges were paid. Please explain regarding this, Pls give any reference regarding this. Thanks and regards. |
Reimbursement of expenses Import of Service- Service tax chargeability
09 Apr 2015 
1 Reply 
3929 Views Asked by
Guest 
Valuation of imported services now follows detailed valuation rules rather than being confined to actual consideration for service tax purposes.
Valuation of taxable services received from outside India is governed by Rules 3-6 of the Service Tax (Determination of Value) Rules, 2006 with effect from 1 July 2012; this replaced Rule 7(1), which had taken value to be the actual consideration charged for services received. (AI Summary)
Valuation of taxable services received from outside India is governed by Rules 3-6 of the Service Tax (Determination of Value) Rules, 2006 with effect from 1 July 2012; this replaced Rule 7(1), which had taken value to be the actual consideration charged for services received. (AI Summary)