Commission Remitted in US Doller to foreign Agent

[SURYAKANT MITHBAVKAR]

We have Paid Service Tax on commission remitted to foreign Agent in US doller . Regarding taking credit if the particular Export Consignment is on FOB Basis can we take the service tax credit on Service tax paid on Commission remitted to Foreign Agent.

AI Summary

Eligibility for Service Tax Credit on Commission to Foreign Agent: Refund, Cenvat Credit, or Exemption Options Explained A query was raised about the eligibility to claim service tax credit on commission paid to a foreign agent in US dollars for an export consignment on an FOB basis. The response highlighted that under Notification No 41/2007-ST, there are options available: claiming a refund of the service tax paid, availing the Cenvat Credit using the TR-6 Challan, or obtaining an exemption from service tax payment as per Notification No 17/2009-ST, which requires filing a half-yearly return.