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Issue ID : 109511
- 0 -

Guarantee Fee to Japan- DTAA

Date 09 Dec 2015
Replies4 Answers
Views 1941 Views
Asked By

Respected Sir/s,

MCI, India has raised working capital loan from Bank of Tokyo and MCHC, Japan, (Parent Company of MCI, India) has provided the bank guarantee to Bank of Tokyo, on behalf of MCI, India

Guarantee fee is now charged by MCHC, Japan to MCI, India.

Request you to confirm the TDS & Service tax liability in this Transaction.

With Regards.

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Old Query - New Comments are closed.

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- 0
Replied on Dec 17, 2015
1.

Respected All,

Awaiting your valuable opinion on above query.

With regards.

- 0
Replied on Dec 17, 2015
2. Please elaborate guarantee fee. Whether it is a kind of service charge or purely fees.
- 0
Replied on Jan 8, 2016
3.

Sir,

This guarantee fee is being calculated @ 1.5% PA, on the availed WCDL at every month closing.

With Regards.

- 0
Replied on Jan 8, 2016
4. Service tax would have to be paid on the guarantee fee by you.

Old Query - New Comments are closed.

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