Ask Experts Questions for FREE Help !
Ask
    Saurabh Goyal's Avatar
    Saurabh Goyal Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 16, 2007, 11:30 PM
    Service Tax on import of services
    We are a provider of consulting services. As part of our work, we collaborate with specialists from outside India who participate in project with us and support us is our work with our clients. Such partners do not have any establishment or presence in India.

    I want to know what TDS do we have to deduct when making payments to them? These payments are made in foreign currency to their accounts in their home countries.

    Most importantly, given that they are providing services in India and do not have any establishment here, who is responsible for collection of service tax on their services to us, the provider or us?

    And are these taxes then eligible for input tax credit?

    Thanks

    Saurabh
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 18, 2007, 10:41 AM
    Saurabh:

    Your questions seem to be in reference to the tax system in India.

    This forum addresses tax questions under the United States Internal Revenue Code.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Journal entry of sales tax with a service business [ 6 Answers ]

Hi, we have a small engine repair business. On the receipts there is the labor which I know is not taxable. Also there are parts we use to fix the engines that we city tax the customers for. I've been making my journal entries like this: Cash -debit, service revenue - credit, sales (these are the...

How do I import/ [ 1 Answers ]

How do I import a cd to itunes?

TAX Deductions for FOREIGN company invoicing services in the US [ 1 Answers ]

I would appreciate a bit of advice in the following situation: There is a foreign company that will perform consulting services for a U.S. company, when this foreing company invoices its services, will it suffer a TAX deduction from the paying client (US Company)? Thanks for the help.

Changing from metered service on my shop to service from my house. [ 2 Answers ]

I’ve had the meter and 3 wire service cable removed from my shop. I’ve purchased 90 feet of 100 amp direct burial cable to run from the lower section of my home meter to my shop. Not being an electrician, I’m still trying to install this changeover. The direct burial cable has 4 wires. 2 larger...

Import tax from canada purchase [ 1 Answers ]

I am living in the US and want to buy some items through the net from a company locate in canada. Do I have pay taxes to the goverment(S)?? Thank...

View more questions Search