TaxTMI 
TaxTMI 
Import of services - BAS
pardeep bisht
COMMISSION RECEIVED FROM OVERSEAS PARTIES ARE TAXABLE IN SERVIVE TAX ACT? PLZ CONFIRM
Clarification on Service Tax: Commission from Overseas Parties Taxable Unless Deemed Export; Payment in Foreign Exchange Key. A query was raised regarding the applicability of service tax on commission received from overseas parties. The response clarified that services rendered in India are taxable under the Service Tax Act. However, services considered as exports are exempt from service tax. The determination depends on the nature of the activity and whether the payment is received in foreign exchange. (AI Summary)