Applicability and credit of service tax
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....pplicability and credit of service tax<br> Query (Issue) Started By: - KANTI CHAUHAN Dated:- 11-7-2009 Last Reply Date:- 12-7-2009 Service Tax<br>Got 1 Reply<br>Service Tax<br>Dear Sir, We are dealing....
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.... in all types of IT related services.Recenty our staff has got training from Australian based company for which they charged us US$ 30000.Are we liable to pay service tax & if yes can we get credit of....
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.... the service tax paid since its related to our business. Whether we have to deduct any TDS while making any foreign outward remmitance & at what rate. Reply By Ravi Chopra: The Reply: Regarding, Serv....
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....ice Tax, since the services are in the nature of commercial coaching or training, the same is not liable to tax in India if wholly provided outside India. On the other side, if it is held as "consulti....
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....ng engineering service" the same is taxable in India as recipient of service is situated in India. Yes, if you pay service tax on such service, the same qualifies as Input service if all other conditi....
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....ons are satisfied for the purpose of Cenvat Credit. Regarding Income Tax, apparently, you may not be liable to deduct TDS. But, further study is necessary in respect of the transaction and DTAA provis....
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....ions read with Income Tax Act, 1961.<br> Discussion Forum - Knowledge Sharing ....