FOREING IMPORT SERVICES

[SNEHAL SHAH]

Sir,

We are manufactureing of engineering products . For this We are invite foreign tenders & also foreing party send material and services .

 

Please brief what servcie involve in this & also provide import services list on which servie tax impose .

Please give briefe idea on EXPORT IMPORT SERVICES .

Thanks ,

SACHIN

 

 

 

[DEVEN MASTER]

you must ask specific question this is general question.

[sv bhasker]

Dear Mr Sachin

You have to specify which services you receive from abroad to enable one to advice on your  service tax liabilty . Import of services are taxed under reverse charge mechanism  depending on the category of services whch are divided into three categories.Similalarly export of services are also divided into three categories. 

AI Summary

Reverse charge mechanism applies to imported services based on service category; exports classified similarly for tax liability.
Imported services from foreign suppliers are taxable under the reverse charge mechanism, with liability contingent on the service category (divided into three categories); export of services is classified similarly, and specific details of the services are required to determine service tax liability.