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TMI BlogR&D Cess on Witholding TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... On import of technology, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... net invoice value 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 Agarwa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l - The Reply = Witholding Tax 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Value of Services is equal to 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.Prabh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u Mr. G.R.Prabhu - The Reply = The question 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. Kin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dly clarify. - R&D Cess on Witholding Tax - Query Started By: - Mr.G.R.Prabhu Mr. G.R.Prabhu Dated:- 23-3-2011 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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