15ca/15cb for foreign commission

[satbir singhwahi]

Sir

 

Export sales remittance is received after deducting commission , applicability of 15ca/ 15cb . Pls guide what we do.i.e. Export remittance of usd 40000 is received net of foreign commission of usd 2000 , net received in bank usd 38000. When to issue 15ca and 15cb.

AI Summary

15CA/15CB applicability for foreign commission on export remittance requires declaration and CA certificate where reporting is mandated. Applicability of 15CA/15CB arises when export remittance is received net of foreign commission; the payer must determine whether the commission portion is a reportable outbound payment requiring a declaration and a chartered accountant's certificate, taking into account domestic withholding rules and any applicable tax-treaty considerations.