Demand of Service Tax under Reverse charge - on the amounts of Fees paid to US FDA and Other Regulatory Authorities

Demand of Service Tax under Reverse charge - on the amounts of Fees paid to US FDA and Other Regulatory Authorities - An analysis https://www.taxtmi.com/article/detailed?id=6696 Payments of fees to foreign regulatory authorities for inspections, approvals and registrations are statutory fees paid for sovereign functions and, in light of the Negative List and Board circulars, are not consideration liable to service tax under the reverse charge mechanism; departmental demands rely on Section 68(2) and a restrictive view of "government," while case law and policy explanations support exclusion, prompting a call for legislative or clarificatory amendment. en-us Fri, 19 Feb 2016 07:02:39 +0530 Fri, 19 Feb 2016 07:02:39 +0530 TaxTMI RSS Generator Demand of Service Tax under Reverse charge - on the amounts of Fees paid to US FDA and Other Regulatory Authorities - An analysis https://www.taxtmi.com/article/detailed?id=6696 Payments of fees to foreign regulatory authorities for inspections, approvals and registrations are statutory fees paid for sovereign functions and, in light of the Negative List and Board circulars, are not consideration liable to service tax under the reverse charge mechanism; departmental demands rely on Section 68(2) and a restrictive view of "government," while case law and policy explanations support exclusion, prompting a call for legislative or clarificatory amendment. Articles Service Tax Fri, 19 Feb 2016 07:02:39 +0530 https://www.taxtmi.com/article/detailed?id=6696