TaxTMI 
TaxTMI 
R&D Cess on Witholding Tax
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....&D Cess on Witholding Tax<br> Query (Issue) Started By: - Mr.G.R.Prabhu Mr. G.R.Prabhu Dated:- 23-3-2011 Last Reply Date:- 28-3-2011 Other Topics<br>Got 2 Replies<br>Indian Laws<br>On import of techno....
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....logy, if Witholding tax is to be borne by the Indian importer, then for payment of R&D cess is the grossed up value (taken for calculation of Witholding Tax) to be considered or the net invoice value ....
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....is to be considered? Similarly for calculation of Service tax as deemed service provider, on such import, is the grossed up value to be taken. Reply By CA Rachit Agarwal: The Reply: Witholding Tax ....
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....is the tax amount which is paid on behalf of Non-Resident. It is immaterial whether borne by the service provider (Non-Resident) or Importer. Witholding Tax is like TDS. Value of Services is equal to ....
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....the amount credited to the account of non-resident plus tax deposited. Hence for the calculation of Service Tax, gross amount is to be taken. Reply By Mr.G.R.Prabhu Mr. G.R.Prabhu: The Reply: The q....
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....uestion is what amount should be taken for calculating R & D cess on import of technology when invoice amount is grossed up and tax is borne by the Importer. Kindly clarify.<br> Discussion Forum - Kn....
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....owledge Sharing ....