Calculation Mechacanism of ST on Import Service, Service Tax

[Partha Sarkar]

Dear Freinds

Can you guide me the calculation mechanism of Service tax & Tds deduction om import service with a exemple.

Best Regards

Partha

Posts / Replies

[Ganeshan Kalyani]

The consideration paid to the service provider converted in Indian currency should be the basis for service tax.

[Partha Sarkar]

Dear Mr Kalyani

Thanks for your reply.I want to say that the withhold tax to be deducted on service tax (RCM).

Regards

Partha

[Ganeshan Kalyani]

Service tax is payable from own pocket and it can not be reduced from the consideration payable to the service provider. Tds is not deducible on service tax portion.

[Ganeshan Kalyani]

For TDS deduction you should refer DTAA.