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Correct time to deposit service tax & Applicability of exchange rate, Service Tax

Issue Id: - 22
Dated: 17-12-2005
By:- Amit Mohan

Correct time to deposit service tax & Applicability of exchange rate

Contents

Our company is 100% subsidiart of Brussels base company. Our parent company directly received the payment in EURO from Gail on Which we have to deposit the Service tax. we want to know at which time we Have to deposit the Service tax i.e on receipt of payment in Brussels and what exchange rate we have to apply TT buying rate or TT selling rate.

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 14-1-2006
By:- S Gupta

You should calculate the service tax liabity on the receipt in foreign exchange on the same amount and rate as applied by your bank while giving credit in your account.

Page: 1