service tax on services provided to abroad (both seller and buyer) commissions received in india

[bharatheesha venkatesha]

 

I am broker, we will arrange sellers to our buyers in foreign (both parties are from foreign). after sucessfull completing transactions, we will receive commission in india.  do we require to register in Service tax department and pay service tax ?

AI Summary

Broker Must Register with Service Tax Department, No Tax on Foreign Commission; Refund Possible for Input Services A broker inquires about the requirement to register with the Service Tax Department and pay service tax on commissions received in India for arranging foreign sellers and buyers. The response clarifies that receiving commission in foreign remittance constitutes an export of services. Therefore, the broker must register with the Service Tax Department but is not liable to pay service tax on these transactions. Additionally, the broker may seek a refund on input services by following the prescribed procedures.