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

 

 

 

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.