Hello Team,
We have started a small time Consulting Company basically in to recruitment services and we have got couple of overseas client.
We have placed people overseas and we have an agreeement only on basic and we will not charge any service charges for them.
Do we need to pay any service Tax for the money coming from overseas.
Is overseas money taxable.
Please hlep.
Regards,
Ram.
From United Arab Emirates, Dubai
We have started a small time Consulting Company basically in to recruitment services and we have got couple of overseas client.
We have placed people overseas and we have an agreeement only on basic and we will not charge any service charges for them.
Do we need to pay any service Tax for the money coming from overseas.
Is overseas money taxable.
Please hlep.
Regards,
Ram.
From United Arab Emirates, Dubai
Hi, I believe yes. As the services are rendered in India it is a taxable service in service tax. Warm Regards, Ca Vikas Goel
From India, Mumbai
11From India, Mumbai
Hi,
If they are realy to pay service tax than charge on the gross amt. If not then pay on the net amount. E.g. If decide concultancy fess is Rs. 100 and if they are ready to pay then 100 + 10.3 (service tax) = 110.30 on the invoice and if they are not ready to pay service tax then, 100/110.30*100 = 90.66 will be ur consultancy fees and (100 - 90.66) = 9.33 would be service tax payable by you.
Warm Regards,
Ca Vikas Goel
From India, Mumbai
If they are realy to pay service tax than charge on the gross amt. If not then pay on the net amount. E.g. If decide concultancy fess is Rs. 100 and if they are ready to pay then 100 + 10.3 (service tax) = 110.30 on the invoice and if they are not ready to pay service tax then, 100/110.30*100 = 90.66 will be ur consultancy fees and (100 - 90.66) = 9.33 would be service tax payable by you.
Warm Regards,
Ca Vikas Goel
From India, Mumbai
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